The rent prices in real estate in Ngong, 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 Ngong 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 1188 % 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 32.22 to KSh 382.86 during March, and April.
When referring to the price in Ngong (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 408 % 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 32,333 they are 67 % more affordable than the average price for Ngong . The properties with the highest average price have 4 bedrooms, Their price is 160 % more expensive than the average. After that we have properties with 3 bedrooms priced at KSh 63,032.
With regard to the average price per m², those properties with 2 bedrooms are the most affordable ones at a cost of KSh 101 / m², with an average KSh 486.25 / m² price in Ngong. The properties with the most expensive average prices have 1 bedroom. They are 7 % more expensive than the average followed by properties with 4 bedrooms with a price at KSh 326 / m².
The graph displaying the average rent prices displays the property type "House" as the most expensive one. At an cost of KSh 32,333 it is 33 % more expensive than the average price in Ngong. "Apartment" is seen as the second most expensive property type. The most expensive property type is "Townhouse" followed by "Commercial Property". At a price of KSh 108,720 it is 262 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Apartment" at an average price of KSh 171 / m² followed by "House" priced at KSh 190 / m². "Commercial Property" is the most expensive type of property with a KSh 2,245 / m² value followed by "Townhouse" with an average price of KSh 356 / m².