In the three months to September 2026, the HassConsult Land Price Index recorded land‑price growth in Nairobi’s suburbs at the lowest pace of the past three years.

The slowdown follows a rebound in the previous quarter, which the index’s co‑CEO described as a temporary acceleration rather than a lasting shift.

Average land prices across the 18 suburbs tracked by the index stood at Sh233.5 million per acre during the period.

Thirteen suburbs recorded positive price movements, while five posted actual declines in the quarter.

Westlands, Kitisuru, Muthaiga and Loresho showed faster appreciation than in the second quarter, with Westlands averaging Sh521.7 million per acre.

Karen remained a strong performer, with land averaging Sh81.8 million per acre and delivering the highest cumulative eight‑quarter appreciation of 19.6 percent.

In Nairobi’s satellite towns, the average land price was Sh33.7 million per acre, and appreciation fell by more than half compared with the previous quarter.

Nine of the fourteen satellite towns posted positive price movements, up from seven in the prior quarter, though most lagged behind the returns of rolling 91‑day Treasury bills over the past two years.

Ruiru, Thika and Ruaka saw slower appreciation after strong growth earlier, while Ngong and Limuru returned to positive growth following earlier declines.

HassConsult noted the trend may shift buyer focus toward land purchases driven by intended use rather than speculative appreciation.