Prices of luxury homes in Nairobi post an uptick


The prices of luxury houses in Nairobi have rebounded in the second quarter of 2015 after dipping by one per cent at the start of the year.

According to the Knight Frank Prime Global Cities Index, asking prices for luxury residential properties edged up by 0.9 per cent which saw Nairobi climb up six places to rank twentieth in the Prime Global Cities Index.

Knight Frank Kenya Managing Director Ben Woodhams said the decision to reverse the capital gains tax and weakening of the shilling has attracted investors who exited the market at the beginning of 2015.