The rent prices in real estate in Westlands, 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 Westlands has risen strongly during the last 6 months. In October, 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 (December, January) had a considerable rise of 0 %. The price per m² has had a considerable rise of 2147483647 % 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 to KSh 870.91 during February, and March.
When referring to the price in Westlands (constituencies & towns), this has risen considerably in the last 6 months. The average price during our first sample month during October, is . During November the price went through a considerable rise reaching . During the following two months (December, January) the average price had a considerable rise of 0 % 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 2147483647 % 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 156,754 they are 54 % more affordable than the average price for Westlands . The properties with the highest average price have 4 bedrooms, Their price is 78 % more expensive than the average. After that we have properties with 3 bedrooms priced at KSh 140,551.
With regard to the average price per m², those properties with 1 bedroom are the most affordable ones at a cost of KSh 742 / m², with an average KSh 814.69 / m² price in Westlands. The properties with the most expensive average prices have 2 bedrooms. They are 1 % more expensive than the average followed by properties with 4 bedrooms with a price at KSh 814 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of KSh 156,754 it is 15 % more affordable than the average price in Westlands. "Industrial Property" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Townhouse". At a price of KSh 360,078 it is 134 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Industrial Property" at an average price of KSh 651 / m² followed by "Apartment" priced at KSh 695 / m². "Townhouse" is the most expensive type of property with a KSh 983 / m² value followed by "Commercial" with an average price of KSh 962 / m².