Demand for land as a real estate investment continues to rise in satellite towns around Nairobi. Over the last few years, this rise can be attributed to increased infrastructural development by both the county and the national governments.
Generally, if you were to compare the prices of an eighth of an acre across different satellite towns, the prices would vary depending on where the land is located, availability or different social amenities and how far the land is from the tarmac.
In a number of these towns, completed and ongoing construction of bypasses and link roads continue to decrease congestion, thus lowering the commute time to and from the Nairobi CBD. This makes the majority of the towns more attractive for those looking to build residential homes and those seeking land investments.
Here are the five5 best places to buy affordable land near Nairobi CBD:
Kamulu is a satellite town along Kangundo road located less than 30 km from Nairobi CBD. The town is in Nairobi County with access to a number of amenities such as hospitals, schools, tarmac roads, churches, mosques, supermarkets, etc. Land in Kamulu is affordable with a high appreciation rate of over 20% annually.
Fanaka Real Estate Ltd sells 50×100 plots in Kamulu town near the tarmac at an affordable price of Ksh1.1million. These plots are fully serviced, with ready title deeds and fitted with all social amenities. Land prices in Kamulu are set to appreciate much higher due to the ongoing expansion of Kangundo Road to a dual carriage.
Located in Kajiado County, Kitengela is another satellite town with increased demand for land over the last few years. Currently, the asking price for a plot of land in Kitengela located 3km from the tarmac costs approximately Ksh2.3million.
Malaa is among the fasted growing towns in Kenya located along Kangundo road, 40km from Nairobi Cbd. This metropolitan town continues to experience a boost in real estate development. It already hosts gated communities such as Kamulu Heights, Fadhili Homes, and Safaricom investment Sacco estate.
In Malaa town, a 50×100 piece of land located 3km off tarmac goes for 550,000ksh only.
Ngong among other towns in Kajiado County continues to experience a high influx of real estate investors looking for residential land. Depending on who the vendor is, a 50×100 plot in Ngong town located approximately 1km from tarmac costs approximately Ksh2.5 million.
The growth and increased demand for land in Juja, a satellite town in Kiambu county can be attributed to the construction of the Thika superhighway and its proximity to Nairobi county. A 50×100 plot located about 8 km from the Thika superhighway in Juja town could cost just above Ksh1 million.