Nairobi, May 13 -- The cost of two-bedroom stand-alone house in the leafy suburbs of Lavington, Runda and Karen has fallen since 2022, keeping the price at near par with those in middle income estate like Langata and Parklands, a new survey shows.

New data from the Kenya National Bureau of Statistics shows the smaller units in the high-end estates dropped to Sh8 million from Sh22 million in 2022 amid reduced demand.

This kept the prices new a stand-alone two-bedroom cost of Sh7.78 million in middle income estate like Langata and Parklands.

Top earners and wealthy businessmen buying properties in the two zones appear to prefer larger units, whose costs have increased in double digits in the period under review.

A three-bedroom house in...