Variations in Land Delivery Costs as a Factor in Land Speculation in Metr opolitan Nairobi: A case study of Eastlands, Nairobi, and the bordering areas of Machakos and Kajiado counties
The urban rural duality in the land administration policy in Kenya tends to create two land use development control models and, further, such policy results in two separate land transaction costs. In a situation where land values in the two locations may not vary significantly, such a variation in land transaction costs would lead to land speculation in the less costly zone. It is postulated in this paper that there would be no significant variations inland sale value/ land purchase price in the areas of Eastlands within the