Land for Sale in Nairobi, Kenya.
LAND FOR SALE IN NAIROBI CBD
Land is a very important non-renewable resource. The world’s population is increasing while the land surface remains constant hence creating a very high demand. This makes land one of the best investment portfolios since it will always appreciate over time as the population increases.
Nairobi CBD is expanding with the availability of plots for sale in Muthurwa area–
Many people often get confused while trying to acquire land on where to build their dream houses in Kenya.
Land for construction of residential houses is essential. If you are in Nairobi, there are various areas you can choose to settle depending on your budget.
An acre of land in the high-end areas such as Karen and Runda will cost an average of Kenya shillings 8 million. In these areas, the minimum size of the land has been kept to half an acre by the Nairobi City Council so as to maintain the prestige and ambiance. In Kahawa Sukari, the minimum area is a quarter of an acre for a single house.
The City Council also specifies the number of family dwellings in such areas so you can only have one family dwelling per half an acre.
Recently, with the onset of the Sectional Properties Act, areas around Nairobi CBD such as Upperhill, Kilimani and Lavington have seen an increase in the number of high-rise flats and condominiums. This is due to the fact that this new law enables one to own a title to a section of the building e.g. you can now hold a title deed to a 4th floor apartment. Developers have cashed in on this by developing apartments and flats and selling each unit to individual owners.
Land in Middle income areas such as Ngong, Kitengela, Ruiru, Kahawa Sukari, Githurai, Kiambu, Kikuyu, Tassia, Njiru, Ruai, Ruaka, Kasarani, Mwiki, Thika can be subdivided into much smaller pieces.
There are quarters, measuring 100 feet by 100 feet, eighths measuring 50 feet by 100 feet and other smaller plot sizes measuring 40 by 80 feet.
Here plot prices vary from the proximity of the main road. Commercial plots cost anywhere between 2 to 4 million per eighth of an acre.This means a commercial use acre of land in such an area costs between 2×8=16million to 4×8=32million.
A residential piece of land of an eighth of an acre size in Tassia, Kikuyu, Athi River, and Syokimau costs an average of Kenya Shillings 1 million. This means an acre in this area costs 1×8=8million which is the same price as an acre of land in Runda and Karen .
From this you can deduce that land gets more expensive when subdivided into much smaller pieces.
Land in areas such as Isinya, Juja and Ruai which are far from Nairobi CBD and generally dry is cheaper. An acre of Land in Juja or Isinya can cost a low of Kenya shillings 300,000.
Land in other major towns such as Nakuru, Mombasa, Kisumu, Nyeri, Nyahururu, Naivasha, Bungoma is far much cheaper since demand is lower with residential land costing a low of Kenya shillings 200,000 per acre.
So clearly, the choices are all available depending on your budget so search for a reputable Land Agent in Kenya from the internet and place an order.