Several landowners have placed farms on sale in recent months, with a sneak preview of pricing signalling rising values for upcountry real estate.
Most of the farmland on offer is being sold in blocks, with intention to attract serious commercial agriculture investors, moving away from earlier patterns where land was sub-divided for housing estates.
Growing demand for commercial farming and development [commercial and residential properties] is reflected on the rapidly rising land values countrywide.
For instance, a 41-acre farmland in Ol Kalou, Nyandarua county, has been placed on sale at an asking price of Sh37.5 million. This pegs a price tag of Sh914,635 for an acre, which is relatively high for farmland located 162 kilometres from Nairobi.
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