The prices in real estate in Embakasi, in the Nairobi region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in Embakasi has increased strongly during the last 6 months. In April, the average price per m² was KSh 67,202. In the following month the price per m² increased considerably to KSh 455,171. The price for the following two months in (June, July) had a considerable decrease of 16 with regard to the prior two months. The price per m² has had a considerable deflation of 37 % 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 151,802.25 to KSh 55,920 during August, and September.
Based upon to the price in Embakasi (constituencies & towns), this has fallen considerably in the last 6 months. The average price for April is KSh 58,517,647. During May the price had a considerable reduction till KSh 45,705,882. During the following two months (June, July) the average price had a considerable reduction of 19 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from KSh 30,901,038 to KSh 21,177,692, which means a 69 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the most costly ones. At a price of KSh 32,365,385 they are 11 % more expensive than the average price for Embakasi. Following this ranking we find those properties with 1 at an average price of KSh 36,186,585. The properties with the highest average price have 1 bedroom, Their price is 12 % more costly than the average. After that we have properties with 4 bedrooms priced at KSh 36,006,005.
With regard to the average price per m² , those properties with 4 bedrooms are the most costly ones at a cost of KSh 252,329 / m², with an average KSh 68,842 / m² price in Embakasi. The properties with the highest average prices have 1 bedroom. They are 268 % more expensive than the average followed by properties with 4 bedrooms with a price at KSh 252,329 / m².
The graph displaying the average prices displays the property type "House" as the most costly one. At an cost of KSh 32,365,385 it is 11 % more expensive than the average price in Embakasi. "Commercial Property" is seen as the second dearest property type. The dearest property type is "Townhouse" followed by "Apartment". At a price of KSh 46,618,167 it is 146 % more expensive than the average price.
According to the average cost per m², the most expensive property type would be "House" at an average cost of KSh 252,329 / m² followed by "Commercial Property" priced at KSh 763,647 / m². "Townhouse" is the most costly type of property with a KSh 1,369,654 / m² cost followed by "Apartment" with an average price of KSh 767,479 / m².