Property prices in the first quarter of 2026 however remained resilient Land prices in Nairobi and its satellite towns witnessed stunted growth in the first quarter of 2026 as tight economic conditions suppressed demand. The latest property survey shows the slowdown was further fuelled by building approvals uncertainty by the the Nairobi county government and residents' associations resistance to certain developments.
According to real estate firm HassConsult prices in the city's suburbs rose by 0.8 per cent to an average Sh228.8 million, compared to an increase of 1.3 per cent in the fourth quarter of 2025. Five of Nairobi's main suburbs meanwhile, reported a price contraction, led by Muthangari (-2.8 per cent), Loresho (-2.0 per cent) and Kitisuru (-1.5 per cent).
Eleven suburbs reported moderate growth of between 0.1 per cent and 1.6 p er cent, while Nyari and Langata were the standouts with price growth of 3.1 percent and 2.4 percent respectively, the HassConsult quarterly index shows. “Demand for land parcels for new suburban projects eased during the period, as developers continued to face uncertainty around planning approvals at county level, with some projects further delayed by resistance from resident associations,” HassConsult Co-CEO and creative director, Sakina Hassanali, said.
The slower introduction of new projects into the property pipeline was highlighted by the drop in value of new building approvals in Nairobi county by 9.3 per cent in the 12-months to December 2025. The higher nominal price per acre in the suburbs however, means that even the modest growth of 0.8 per cent over the quarter translated into a price increase of Sh1.92 million.
An annual price increase of five per cent yielded a nominal price increase of Sh0.94 million per acre in the suburbs. Top five most expensive places to buy land were Upper Hill with an acre going for Sh561.1 million, Westlands (Sh501.6 million), Parklands (Sh469.7 million) Kilimani (Sh437.8 million) and Muthangari (Sh386.6 million).
On the lower end were Karen (Sh77 million per acre), Lang’ata (Sh90.9 million) and Ridgeways (Sh92.5 million).