Growth in land prices across Nairobi’s 18 key suburbs eased modestly in the final quarter of 2025, but remained robust amid sustained developer interest and high baseline values.
As per the Hass report, only Muthangari, Muthaiga, and Westlands posted quarterly price declines in the final three months of 2025, all with less than 1 per cent decline. Muthangari recorded the largest drop at 0.8 per cent.
According to the Hass Property Report Land Index for the fourth quarter of 2025, Ridgeways was the only suburb to record a land price decline over the full year, slipping by 0.1 per cent.
Prices, however, rebounded in the final quarter, rising by 0.6 per cent.
“Ridgeways was the only one of Nairobi’s 18 monitored suburbs to see a land price decline in 2025, at 0.1 per cent, but its prices continued to bounce back in the final quarter from falls earlier in the year, with a further 0.6 per cent rise from September to December,” read part of the report.
Ridgeways Only Nairobi Suburb to Record Annual Land Price Decline
Annual land price growth in the city slowed marginally to 5.92 per cent, while quarterly growth eased to 1.32 per cent.
Despite the slowdown, 2024 and 2025 recorded Nairobi’s strongest and most sustained land price surge in a decade.
The firm noted that after six years in which annual land price growth remained below 3 per cent, Nairobi has now posted growth of more than 5 per cent in every quarter since the second quarter of 2024.
In contrast, the rapid rise in land prices in satellite towns, which peaked at 12.58 per cent in the third quarter of 2024, slowed more sharply.
By the end of 2025, annual growth in satellite towns had moderated to 6.21 per cent, with quarterly growth of 1.59 per cent, returning to levels more consistent with the past decade.
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Areas Where Land Prices Increased
HassConsult Co-CEO Sakina Hassanali said the strong performance in 2024 and 2025 was driven by increased demand for prime development locations.
“Land price growth in 2024 and 2025 has been the strongest we have experienced in Nairobi in a decade, driven by a chase for high-end locations for development,” she said.
Also Read: Nairobi Satellite Areas Where Land Prices Have Increased – Report
Growth in the fourth quarter remained concentrated in some of Nairobi’s wealthiest suburbs. Karen, Kilimani, Kitisuru, Gigiri, Riverside, and Runda continued to post gains, with Karen recording the largest quarterly increase of 3 per cent, pushing its annual growth to 10.2 per cent.
Land values remain highest in Upper Hill, Westlands, Parklands, and Kilimani, where average prices range from about Ksh430 million to over Ksh560 million per acre, underlining the premium nature of these locations.
Overall, the data points to a resilient but cooling land market, with growth increasingly concentrated in select prime suburbs rather than across the board.
Prices continued to accelerate in Ruiru, rising 3.4 per cent in the final quarter and lifting annual growth to 10.7 per cent. Growth also picked up in Thika, Ruaka, Ongata Rongai, and Kiambu, although Kiambu was the only satellite town to record an annual decline, falling 1.5 per cent, before stabilising with a 0.3 per cent quarterly increase.
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