The prices in real estate in Dagoretti, in the Nairobi region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in Dagoretti has fallen in the last 6 months. In December, the average price per m² was KSh 97,497. In the following month the price per m² increased to KSh 103,359. In the following two months the price per m² has barely changed, going from KSh 100,428 to KSh 96,102 per m². The price per m² has had a considerable deflation of 74 % 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 98,265 to KSh 72,389 during April, and May.
Based upon to the price in Dagoretti (constituencies & towns), this has gone up considerably in the last 6 months. The price in December is KSh 19,330,000, rising in January till KSh 20,842,553. During the following two months (February, March) the average price had a considerable increase of 136 % 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 risen strongly 125 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of KSh 21,681,818 they are 69 % more affordable than the average price for Dagoretti. The properties with the highest average price have 4 bedrooms, Their price is 5 % more costly than the average. After that we have properties with 3 bedrooms priced at KSh 16,821,911.
With regard to the average price per m² , those properties with 3 bedrooms are the most costly ones at a cost of KSh 90,946 / m², with an average KSh 73,457 / m² price in Dagoretti. The properties with the highest average prices have 1 bedroom. They are 36 % more expensive than the average followed by properties with 4 bedrooms with a price at KSh 94,868 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of KSh 21,681,818 it is 26 % cheaper than the average price in Dagoretti. "Commercial" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of KSh 48,643,184 it is 881 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Land" at an average cost of KSh 4,571 / m² followed by "Apartment" priced at KSh 93,280 / m². "Commercial Property" is the most costly type of property with a KSh 303,562 / m² cost followed by "House" with an average price of KSh 149,202 / m².