Middle class home prices rally 78pc in three years

South C houses

Houses under construction in South C, Nairobi in this picture taken on August 30, 2020.

Photo credit: File | Nation Media Group

The cost of acquiring homes in middle class estates such as Buru Buru, South B and South C has increased at faster rate compared to houses in high-end neighbourhoods like Karen, Nyali and Milimani zones in Nakuru and Kisumu since 2021.

Data the Kenya Bankers Association (KBA) indicates that the average cost of buying a house in middle class estate rose 78.5 percent to Sh17.58 million last year, up from Sh9.85 million in 2021, signalling increased hardship by the working class to acquire homes.

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