Most Kenyans are resorting to buy land in Ongata Rongai and Athi River because of the highest return land in the area has been recording.
A 2021 Nairobi Metropolitan Area (NMA) Land Report published by Cytonn Research indicated that land in the two areas registered capital appreciation at 8.9 and 8.7 per cent over the last 12 months.
Ruiru, Kitisuru, Juja, Karen and Embakasi also registered high returns to holders of land parcels.
Areas such as Kasarani and Dagoretti recorded one per cent capital appreciation.
The report indicated that satellite towns provide the cheapest avenue for home ownership with the average parcel of land going for Ksh.15.5 million per acre.
Meanwhile, Athi River remain the cheapest neighborhood with an acre of land averaging just Ksh.4.2 million.
The report also indicated that UpperHill is the most affluent neighbourhood with an acre of land going for Ksh.487.3 million.
Land prices have appreciated by 1.8 per cent in the past year which is an improvement from 1.5 per cent recorded previously.
Nairobi Metropolis has one acre go for Ksh.127.8 million, that’s not bad given that a decade ago the same piece of land fetched Ksh.48.6 million. That’s not a bad investment.