Nairobi best performer in property index

Green House at Adam's Arcade, Nairobi. Image source: architecturekenya.com

According to Knight Frank’s Prime Global Cities Index for the first quarter of 2012, the value of prime property in the world’s key cities falling by 0.4 per cent but Nairobi performed quite well. “Nairobi (up 24 per cent) was the strongest performer in the last 12 months,” read the report.

The survey says this was the index’s first quarterly fall since the depths of the global recession.

According to the report, the first three months of 2012 brought with it little new momentum, but all was not lost. “Despite the overall index’s sluggish performance, four prime markets achieved double-digit growth over a 12-month period; Nairobi, Jakarta, Miami and London,” said the survey. 
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