The best land prices around Nairobi

Best Land Prices in Nairobi, Kenya – Price KES 600000

Currently, the best land value around Nairobi is in the area between the Mombasa road on one side, the Kangundo road, the Eastern Bypass on the other, and the Kangundo-Machakos road at the end.

This area is where the Greater Eastern Bypass is currently being built.

Previous Best Land Prices

In the last two years [2008-2010], the best and cheapest was along the current eastern bypass between Mombasa Road and Thika road which passes through Njiru. Land prices ranged from KES 150,000 to KES 200,000 per acre when there were no year-round roads. When the construction of the road began, the price increased steadily. Now that the construction of the road is complete, the price of the land next to the bypass is around KES 8 to 10 million. This price continues to increase daily as demand increases.

Cardinal rule in the purchase of land

People who saw the light before and bought when the land price was 150,000 KES are now laughing on their way to the bank. The cardinal rule for investing in land is simple: research whether there are government plans to install infrastructure, buy when infrastructure is not there, and sell when infrastructure is in place. The construction of one kilometer of paved road costs around KES 50,000,000. This means that only the government can afford to build paved roads, therefore the value of the land will appreciate along the paved road instead of off the paved road. This is why an acre of land in Kitengela next to the runway at KES 30,000,000 is more expensive than an acre of land closer to Nairobi-Syokimau, 2 km from the runway, at KES 10,000,000. .

Areas like Ongata Rongai and Kitengela were once good buys 10 years ago when there was no infrastructure. Currently, an acre of land in Rongai less than 1km from the runway costs around KES 20,000,000 and that’s if you’re lucky to find it. The people who bought this land 10 years ago got the best deal.

Fail now

The Greater Eastern Bypass is currently under construction. Plots around this area which is within easy reach of Nairobi CBD [approximately 40 to 60 km from Nairobi [ CBD] It currently costs between KES 600,000 and KES 700,000 per acre and KES 80,000 per 1/8. Once the bypass construction is finished, parcels will definitely skyrocket to KES 8 to 10 million per acre, just like those along the now complete eastern bypass.