Nairobi, May 3 -- The rapid growth of land prices in Nairobi's satellite towns has cooled off on falling demand as middle-class home builders increasingly find it difficult to afford property whose average price per acre has now hit Sh33 million.

Analysis of Nairobi land prices by real estate firm HassConsult shows that in the year to March 2026, land prices in satellite towns grew by an average of 4.3 percent, down from 9.93 percent in the year to March 2025.

Over a five-year period, the average price per acre has risen by 50 percent, from Sh22 million to Sh33 million, and has effectively doubled from Sh16 million over a 10-year period.

This means a buyer seeking a quarter-acre plot to build a home now pays an average of Sh8.3 million...