The rent prices in real estate in Kiambu, in the Nairobi region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per m² in Kiambu has risen strongly during the last 6 months. In November, the average price per m² was . In the following month the price per m² rose considerably to . The price for the following two months in (January, February) had a considerable rise of 2147483647 %. The price per m² has had a considerable rise of 385 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per m² of KSh 176.65 to KSh 679.59 during March, and April.
When referring to the price in Kiambu (constituencies & towns), this has risen considerably in the last 6 months. The average price during our first sample month during November, is . During December the price went through a considerable rise reaching . During the following two months (January, February) the average price had a considerable rise of 2147483647 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 378 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of KSh 260,436 they are 61 % more affordable than the average price for Kiambu . The properties with the highest average price have 4 bedrooms, Their price is 36 % more expensive than the average. After that we have properties with 3 bedrooms priced at KSh 239,040.
With regard to the average price per m², those properties with 3 bedrooms are the most expensive ones at a cost of KSh 732 / m², with an average KSh 664.16 / m² price in Kiambu. The properties with the most expensive average prices have 2 bedrooms. They are 50 % more expensive than the average followed by properties with 4 bedrooms with a price at KSh 830 / m².
The graph displaying the average rent prices displays the property type "Industrial Property" as the most affordable one. At an cost of KSh 260,436 it is 0 % more affordable than the average price in Kiambu. "Commercial Property" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "House". At a price of KSh 353,261 it is 42 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Commercial" at an average price of KSh 558 / m² followed by "House" priced at KSh 843 / m². "Commercial Property" is the most expensive type of property with a KSh 1,116 / m² value followed by "Industrial Property" with an average price of KSh 1,105 / m².