Land prices in Nairobi increase by 3.7 percent

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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.