Upperhill still has the most expensive land parcels in Nairobi despite a 0.2 per cent drop, with an acre going for Sh491 million, according to the latest market survey.
Westlands follows at 449.4million, Parklands (Sh402.1 million) and Kilimani Sh399.7 million.
Among satellite towns, Ruaka leads with an asking price of Sh98.4 million per acre. Kiambu and Mlolongo have prices of Sh43.7 million and Sh34.1 million, respectively.
The high prices notwithstanding, an index by HassConsult shows that real estate prices in Nairobi and satellite towns dropped by 2.2 per cent between October and December last year, occasioned by tough economic times.
Land prices almost followed a similar trend, remaining static in the fourth quarter of the year with some regions registering a drop in prices, an index by real estate firm, HassConsult shows.
