House prices in Nairobi’s established suburbs rose by 2.3 per cent in the third quarter of 2026 while rental prices grew by 2.7 per cent, according to the HassConsult House Price Index.
Spring Valley posted the strongest quarterly price gain at 6.8 per cent, with an average asking price of KSh79.4 million; Westlands followed with a 5.9 per cent rise to KSh64.5 million, Muthaiga increased 5.5 per cent to KSh118.1 million, and both Karen and Loresho advanced 5.2 per cent, averaging KSh119.3 million and KSh86.0 million respectively.
Rental growth was led by Loresho, where rents jumped 6.2 per cent quarter-on-quarter to KSh338,100 per month, while Kitisuru saw a 5.1 per cent rise to KSh350,100, Muthaiga rents rose 4.5 per cent to KSh370,900 and Gigiri increased 3.9 per cent to KSh402,100.
In satellite towns, house asking prices fell by 0.6 per cent overall, with Ngong recording the sharpest decline at 1.2 per cent to KSh19.1 million, Ongata Rongai down 1.0 per cent to KSh15.4 million, Juja down 0.6 per cent to KSh12.8 million and Kitengela down 0.5 per cent to KSh13.2 million; rental growth in these areas slowed to 0.4 per cent.
The price surge was attributed to lower borrowing costs, increased private-sector lending and limited housing supply in the established suburbs, while the HapaKenya report added that constrained housing stock, lower commercial-bank lending rates and heightened diplomatic demand also drove the trend. The report also highlighted that land investment in Nairobi suburbs grew substantially, with the Nairobi Suburbs-18 land segment expanding 7.72-fold since 2007.
