How weak shilling lifted house prices in Nairobi

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Sakina Hassanali, head of development consulting and research at HassConsult. FILE PHOTO | NMG

Property prices in Nairobi and its satellite towns defied tough economic conditions in the fourth quarter of 2023 to rise at the highest pace in seven years.

Property price analysis done by realtor HassConsult shows that house prices across all segments rose by 4.1 percent in the three months to December 2023, a level last seen in the first quarter of 2016 when prices went up by 4.2 percent.

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Note: The results are not exact but very close to the actual.