Kenya’s residential property prices up 4.8 per cent in Q1 - KNBS

Kenya’s residential property prices up 4.8 per cent in Q1 - KNBS

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Nairobi Upper and Nairobi Middle recorded declines, with their indices falling to 90.1 and 85.3, respectively, from 94.1 and 88.2 a year earlier.

Kenya’s residential property market recorded moderate growth in the first quarter of 2026, with average home prices rising by 4.8 per cent year-on-year, although performance differed sharply between standalone houses and apartments.
Latest figures by the Kenya National Bureau of Statistics (KNBS) show the overall Residential Property Price Index (RPPI) increased to 118.4 in the first three months of  2026 from 113.0 recorded during a similar period in 2025.
The Index measures the average change in residential property prices over time.
However, the prices rose by a modest 0.6 per cent compared with the final quarter of 2025.
The overall market performance was largely supported by strong gains in standalone house prices, which recorded an 8.5 per cent annual increase during the period.
The index for standalone houses rose from 123.2 in the first quarter of 2025 to 133.6 in the first quarter of 2026, reflecting increased demand for detached homes.
On the other hand, apartment prices moved in the opposite direction, declining by three per cent over the same period.
The apartment index dropped from 91.5 to 88.7, with prices also falling by 0.2 per cent compared with the previous quarter.
The differing trends highlight changing dynamics in Kenya’s housing market, where demand for standalone properties has remained stronger even as apartment prices face downward pressure.
Across geographical segments, apartment prices recorded mixed performance.
Nairobi Upper and Nairobi Middle recorded declines, with their indices falling to 90.1 and 85.3, respectively, from 94.1 and 88.2 a year earlier.
However, apartment prices increased in Nairobi’s other areas and regions outside the capital, where indices rose to 107.5 and 106.9, respectively.
Standalone houses recorded price increases across all geographical categories, supporting the overall rise in residential property prices.

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