What do you believe is the single most important factor driving up the cost of living in Nigeria?

Over the last decade, a local realtor has been releasing quarterly reports on land and property development growth.

Barring minor differences with other such listings, Hass Consult’s Quarter Two report for 2024 shows how land in Nairobi and satellite towns continues to appreciate. For example, an acre in Nairobi’s Upperhill has almost topped Sh500 million.

Other city suburbs where an acre of land has appreciated astronomically include Westlands (Sh472.4 million), Parklands (Sh419.9 million) and Kilimani (Sh401.8 million).

With such high land prices coupled with what some have suggested as a glut in residential units in some locations, the debate about whether to invest in the “marathon” real estate or to put your money on “sprinting” equity markets, such as treasury bills or bonds for quick returns, is not dying anytime soon.

Proponents of each investment vehicle have reasons for choosing their route as the best way to achieve financial security. Following one such online banter, a writer stated that proponents of each investment category were like workers whose only tool in their hands was a hammer.

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