Various real estate firms have noted that satellite areas have continued to attract homeowners and tenants who are yearning for peace outside the city, enjoyment of infrastructure, detached homes, and other issues.
Nairobi areas with a high return on investment for real estate
Tenants are moving away from the rich suburbs like Runda, Kitisuru, Kileleshwa, and Kilimani which now have rising apartments
Satellite areas have witnessed major growth in the sale of lands and houses as many people move away from the city.
You also have to note that prices of land in satellite towns neighbouring Nairobi rose by 2.48% between July to September 2021.
Also note that tenants are moving away from the rich suburbs like Runda, Kitisuru, Kileleshwa, and Kilimani which now have rising apartments.
What attracts tenants to areas in Nairobi with a high return in real estate investment is majorly infrastructure, land and house prices.
As always Fanaka Real Estate, the top-ranking commercial and real estate firm that deals in the sale of land are here to inform you of these areas. Fanaka has its offices in Ruiru and Kamakis.
Ruiru and Kamakis
Here you can enjoy the Thika Superhighway and other bypasses which has opened these areas to investors. House prices are also affordable.
In Ruiru and Kamakis areas, one can get houses between Sh4 million to Sh15 million onwards. These are three-bedroom bungalows and four-bedroom maisonettes.
For Fanaka, we majorly deal with land and it's true that prices have also increased in these two areas. This means that these satellite areas continue to attract investors and developers
In Nairobi’s satellite towns, house sale price gains have been more modest as most people settling in those areas prefer to build their own units.
The house sale market was largely driven by a high demand for detached units, whose supply in the market has fallen in the past years.
The new developments are high-density units including studio apartments which is a total shift from the ample apartments and detached houses that were famous in the suburb decades ago.
Ruiru and Kamakis have also continued recording a rise in land prices, recording a 6.65% growth compared to a drop of 1.1% in 2020.
Oasis Garden/Juja Farm
This area is ideal for building a residential home. Discounted cash prices start from Sh899,000
Kamulu plots for sale
At prestige gardens - Kamulu along Kangundo Road, you can build a residential home on lands that have discounted prices of Sh1.1 million.
Other areas include Athi River, Juja Springs Garden, Kiambu, Kitengela, Limuru, Mlolongo, Ongata Rongai, Ngong, Ruaka, Ruiru, Syokimau, Thika, Kiserian, and Tigoni.
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