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 December, the average price per m² was KSh 42,022. In the following month the price per m² increased considerably to KSh 60,700. The price for the following two months in (February, March) had a considerable increment of 149 %. The price per m² has had a considerable deflation of 62 % 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 64,008.5 to KSh 39,553 during April, and May.
Based upon to the price in Embakasi (constituencies & towns), these have remained the same in the last 6 months. The average price for December is KSh 10,729,073. During January the price had a slight fall till KSh 9,857,000. During the following two months (February, March) the price has had an average incrementation from KSh 10,293,036 to KSh 11,833,333. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of KSh 11,063,184 and KSh 10,538,588 between April and May.
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 10,512,341 they are 239 % more expensive than the average price for Embakasi. Following this ranking we find those properties with 1 at an average price of KSh 35,826,325. The properties with the highest average price have 1 bedroom, Their price is 241 % more costly than the average. After that we have properties with 4 bedrooms priced at KSh 35,647,544.
With regard to the average price per m² , those properties with 4 bedrooms are the most costly ones at a cost of KSh 249,811 / m², with an average KSh 39,753 / m² price in Embakasi. The properties with the highest average prices have 1 bedroom. They are 532 % more expensive than the average followed by properties with 4 bedrooms with a price at KSh 249,811 / m².
The graph displaying the average prices displays the property type "House" as the most costly one. At an cost of KSh 10,512,341 it is 239 % more expensive than the average price in Embakasi. "Commercial Property" is seen as the second dearest property type. The dearest property type is "Apartment" followed by "Commercial". At a price of KSh 45,923,758 it is 649 % 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 249,811 / m² followed by "Commercial Property" priced at KSh 748,507 / m². "Apartment" is the most costly type of property with a KSh 1,356,014 / m² cost followed by "Commercial" with an average price of KSh 756,040 / m².