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Do You Know Nairobi Land Is More Valuable Than Gold And Oil

In the last ten years, land in Nairobi has appreciated by 700 percent outperforming global asset classes that include both gold and oil.

According to a research carried out, Gold prices went up by 155 percent in the last decade, live cattle increased by 127 percent while crude oil only managed 56.6 percent increase in the same period.

“Globally commodities are falling while and prices in Kenya continue to rise on average of 70 percent per year, compared to 50 to 20 percent in 10 year for other commodities,” HassConsult Head of Development Sakina Hassanali revealed.

Hassanali predicted that going forward, land would continue to outperform other commodities as the government continued to invest in infrastructure throughout the country.

The report indicates that 14 Nairobi Satellite towns have multiplied in land value over the last decade.

The towns include Athi River, Juja, Mlolongo, Limuru, Kitengela, Ngong, Ongata Rongai, Ruaka, Ruiru, Syokimau, Thika, Tigoni, Kiserian and Kiambu.

Furthermore, the report stated that Ksh1 million invested in land in Nairobi Suburbs ovr the same period, would be worth Ksh6.3 million.

The suburbs mentioned include Kilimani, Kitusuru, Upperhill, Westlands, Runda, Spring Valley, Nyari, Muthaiga, Kileleshwa, Karen, Gigiri, Eastleigh, Donholm, Loresho, Ridgeways, Parklands and Langata.

The same amount invested in property such us rentals, the value went up to Ksh2.47 million.

Investments in bonds would have given you a return of Ksh2.54 million while savings would return Ksh1.31 million.

However, if you invested in equities, you would have lost Ksh480,000.

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