Here is A List of Nairobi’s Most Expensive and Cheapest Estates

A new report by HassConsult Real Estate has revealed the most expensive and the cheapest estates to live in Nairobi in 2020 and the prices are crazy.

HassConsult’s report places Gigiri, the United Nations Complex as the most expensive estate in Nairobi while Kitengela, which is on the outskirts of the city is the cheapest place to live in.

The price of a home in Gigiri goes at an average cost of 119.3 million shillings while standalone homes are charged at 11.2 million shillings a proof that the place is for the ultra-rich and diplomats.

Nyari estate is the second most expensive estate in Nairobi with houses going at 103 million shillings on average. The other estates in the top five are Runda (92.1 million shillings), Karen (88 million shillings) and Kitisuru (84.3 million shillings)

Other expensive estates in Nairobi include Muthaiga at an average of 80.2 million shillings per house, Lavington at 66.7 million shillings, Spring Valley (65.6 million shillings), and Ridgeways 63.3 million shillings.

The estates are preferred by the ultra-rich and are homes to most UN diplomats and Embassy officials from different countries due to their high security.

United States of America, Canada, Italy, Sweden, Poland, Belgium and Norway, and other big economies have their officials hosted in these estates.

The security in the areas, accompanied by other factors including proximity to international schools, shopping malls, recreational facilities can be attributed to the boosted prices in the high-end estates.

On the other hand prices of houses in satellite areas including Kitengela, Kiserian, and Juja were ranked amongst the cheapest areas which Nairobi’s middle class prefers to live in due to affordable pricing.

The average house pricing in Kiserian was at 8.8 million shillings while Kitengela was 11.1 million shillings and Juja was at 11.9 million shillings.

HassConsult however, established that there was a fall in the average price of housing attributed to the oversupply of homes in recent years.

“House prices slightly edged up by 0.9 percent over the quarter driven by a mild performance from detached and semi-detached markets which recorded a 1.3 percent and a 0.9 percent growth respectively, sustaining the trend recorded in the previous quarter, ”HassConsultant said.

“Apartment prices recorded a slight decline of 0.4 percent over the quarter, continuing a period of price stagnation bringing the total annual decline to 2.0 percent.”