Knight Frank reveals coastal homes at 400%+ spread in prices, by location
Buyers willing to be further from shops and services can buy beachfront properties for 22% of the typical cost.
Real estate expert Knight Frank has today released indicative data on the prices of beach-side residential homes along Kenya’s coast, revealing a more than 400% spread in Kenya’s high-end home prices from one location to another.
Unveiling the new data at a Coast market update reception for 120 Knight Frank clients in Mombasa, Sammy Mukala Head of Coast Region at Knight Frank Kenya, reported the prices for unimproved beachfront properties on 1-acre sites were based on recent market
transactions, but did not represent fixed prices for properties in each location.
“The coast remains a very stable market, with frequent opportunities for stunning properties and locations. Our sales data indicates that affordability increases, and buyers are increasingly willing to consider locations further from major towns, including fringe areas. This trend often results in more favourable pricing compared to prime, central locations, said Tarquin Gross,
Head Residential Agency, Knight Frank Kenya.
Based on recent transactions, Beach front properties in Nyali continue to command the highest home prices at the coast, at around Sh120m for an unimproved, property. This consequently places Nyali Beach homes in the same range as Nairobi, where the prices of prime unimproved properties typically range from Sh50m to Sh200m per acre.
Nevertheless, Nyali Beach properties are commanding three times the price of comparable beachfront locations, exemplified by recent sales of unimproved one-acre beachfront estates in both Diani Beach and Watamu, fetching approximately Sh40 million per property.
The data revealed that relatively small distances and travel time, combined with more limited local facilities and services, can make a difference of several million to the indicative pricing of beach-front properties. At Kikambala Beach, just over an hour north of Mombasa and Nyali Beach, beach-front properties are selling for around Sh30m per acre, as are similar properties at Kilifi Bofa Beach, even further north.
With 25M you can own property in Galu Kinondo Beach.
Beach properties set on or just beyond larger urban fringes are also commanding relatively
lower transaction prices, with beach properties at Galu Kinondo Beach, just south of Ukunda
and Diani Beach, selling in 2024 for around Sh25m per acre.
“Mombasa contributes 4.9 percent to Kenya’s GDP, versus Nairobi’s 27.5 percent, but the
desirability and strategic location of the Kenyan Coast makes it a property market that is as
significant as the capital city. The values for its prime properties fully align with Nairobi
valuations, and for those willing to move off the beaten track, there are some outstanding
hidden gems along the coast”. said Mark Dunford, CEO Knight Frank Kenya.
For additional information, please contact Clement Bosire, PR, Digital, and Communications Manager
– Knight Frank Kenya.
Notes to Editors
Knight Frank LLP is the leading independent global property consultancy. Headquartered in London,
Knight Frank has more than 18,000 people operating from 523 offices across 60 territories. The Group
advises clients ranging from individual owners and buyers to major developers, investors, and corporate
tenants.
For further information about the Company, please visit www.knightfrank.co.ke
