The Lower Eastern Times Opening The Third Eye
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Property prices in Nairobi rose during the third quarter of 2025, defying the usual August slowdown, as demand for detached houses surged — even as rental prices dropped due to the exit of expatriates following US aid programme cuts.
According to the HassConsult House Price Index for July–September, overall property values increased by 1.1%, driven by strong activity in high-end suburbs such as Runda, Ridgeways, Loresho, Lavington, Karen, and Muthaiga, as well as satellite towns like Athi River, Ruiru, Tigoni, Juja, and Kiserian.
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“The strongest growth was seen in areas with high demand for detached homes,” the report stated. “For instance, Runda recorded a 4% price jump in just 12 weeks — up 15.3% year-on-year — while Athi River saw prices rise by 4.3% in Q3, bringing the annual increase to 4.9%.”
However, rental prices fell by 1.6% during the quarter and 1.3% year-on-year, largely due to a drop in Muthaiga’s rental market as expatriates vacated properties following the shutdown of foreign aid programmes.
Unlike previous expatriate exits in 2012 and during the Covid-19 period, the current wave has not hurt property sales — thanks to robust local demand for standalone homes.
For apartments, prices remained relatively stable, though performance varied by location. Parklands and Riverside recorded notable rent increases, while Upper Hill saw a decline due to an oversupply of older units. Rents in Parklands rose 12.5% over the past year, boosted by the entry of new, high-end apartment developments.
