Land prices in Nairobi increase by 3.7 percent

Land prices in the Nairobi Metropolitan area increased by an average of 3.7 percent last year despite a tough operating environment.
According to the latest Cytonn land report, the price increase was occasioned by a growing middle class with an increased purchasing power, investments in infrastructure and a robust real estate sector.
The report points out Karen, Kilimani, Ridgeways, Juja and Kasarani as the most attractive areas for both land and real estate development.