Kenya: Report on Residential Property Price Index Mission (October 13–17, 2025)

Kenya: Report on Residential Property Price Index Mission (October 13–17, 2025)
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Volume/Issue: Volume 2026 Issue 047
Publication date: August 2026
ISBN: 9798229056526
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Exports and Imports , Finance , Economics- Macroeconomics , Residential Real Estate , Price Index , Financial Stability , Macroprudential Analysis , technical assistance report , report series , compilation method , staff of the International Monetary Fund , copyright page , Export fluctuations , Land prices , Data collection , Real estate prices

Summary

This technical assistance (TA) mission was conducted to support the Kenya National Bureau of Statistics (KNBS) in developing a first-time Residential Property Price Index (RPPI) for Kenya. The mission focused on improving data collection, refining statistical compilation methods, and building capacity aligned with international best practices. The findings highlighted significant progress in stabilizing web scraping data collection and developing the procedures for index compilation, though challenges remain in data quality and model robustness, especially outside Nairobi. The report recommends launching the RPPI by March 2026 along with a press release and comprehensive dissemination materials. Thereafter, KNBS intend to publish the data on a quarterly basis. Publishing the RPPI will be a major achievement for KNBS, but ongoing development of data collection and statistical methods should continue in the coming years.