Sakina Hassanali, Hass Consult. /File photo
Ruaka area is the most expensive land in the third quarter of 2020, new data shows. The data by Hass Consult shows that in all satellite towns, an acre in Ruaka now goes for Sh89 million. Kiambu was ranked in the second position in the latest statistics where an acre of land costs Sh39.7 million. Kiserian and Athi river areas remained the cheapest with the cost of Sh7.3 million and 13.7 million respectively.T The report however reveals an overall drop in land prices at 0.06 percent.
Head of Development Consulting and Research at HassConsult Sakina Hassanali noted that while prices eased in the quarter, the marginal drop shows that land continues to show its stability over other asset classes.
“We have not seen a major drop in land values despite the challenges such as COVID-19 and the tough economic environment proving that investors still see this as the best bet over the long-term,” said Hassanali.
