The prices in real estate in Kabete, in the Kiambu 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 Kabete has increased strongly during the last 6 months. In February, the average price per m² was KSh 60,317. In the following month the price per m² increased considerably to KSh 333,826. The price for the following two months in (April, May) had a considerable increment of 151 %. The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of KSh 246,949.25 to KSh 238,898 during June y July
Based upon to the price in Kabete (constituencies & towns), this has gone up considerably in the last 6 months. The average price for February is KSh 39,783,333. During March the price had a considerable reduction till KSh 11,477,011. During the following two months (April, May) the average price had a considerable increase of 228 % 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 232 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of KSh 97,183,487 they are 92 % more affordable than the average price for Kabete. The properties with the lowest average price have 1 bedroom, Their price is 92 % cheaper than the average. After that we have properties with 4 bedrooms priced at KSh 7,924,472.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of KSh 68,445 / m², with an average KSh 232,490 / m² price in Kabete. The properties with the lowest average prices have 1 bedroom. They are 71 % cheaper than the average followed by properties with 4 bedrooms with a price at KSh 68,445 / m².
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of KSh 97,183,487 it is 92 % cheaper than the average price in Kabete. "Commercial Property" is seen as the second most affordable property type. The cheapest type property is "Commercial Property" followed by "Land". At a price of KSh 7,924,472 it is 91 % more affordable than the average price.
According to the average cost per m², the cheapest property type is "Land" at an average cost of KSh 68,445 / m² followed by "Commercial Property" priced at KSh 160,609 / m². "Commercial Property" is the cheapest type of property with a KSh 160,609 / m² value followed by "Land" with an average price of KSh 68,445 / m².