The prices in real estate in Kajiado, in the Kajiado 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 Kajiado has increased strongly during the last 6 months. In July, the average price per m² was KSh 51,424. In the following month the price per m² increased considerably to KSh 437,178. In the following two months the price per m² has barely changed, going from KSh 244,301 to KSh 236,038 per m². The price per m² has had a considerable deflation of 13 % 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 240,169.5 to KSh 32,206.5 during November, and December.
Based upon to the price in Kajiado (constituencies & towns), this has gone downing the last 6 months. The average price during our first sample month during July, is KSh 15,675,000. During August the price went through a considerable rise reaching KSh 23,028,571. During the following two months (September, October) the average price had a considerable reduction of 75 % 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 16,887,886 to KSh 8,890,876, which means a 53 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of KSh 8,766,813 they are 63 % more affordable than the average price for Kajiado. The properties with the highest average price have 4 bedrooms, Their price is 82 % more costly than the average. After that we have properties with 3 bedrooms priced at KSh 6,843,636.
With regard to the average price per m² , those properties with 1 bedroom are the cheapest ones at a cost of KSh 28,750 / m², with an average KSh 34,829 / m² price in Kajiado. The properties with the highest average prices have 4 bedrooms. They are 89 % more expensive than the average followed by properties with 2 bedrooms with a price at KSh 55,953 / m².
The graph displaying the average prices displays the property type "Plot" as the most affordable one. At an cost of KSh 8,766,813 it is 30 % cheaper than the average price in Kajiado. "House" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "Apartment". At a price of KSh 9,951,505 it is 27 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Plot" at an average cost of KSh 3,281 / m² followed by "House" priced at KSh 44,224 / m². "Apartment" is the most costly type of property with a KSh 1,766,660 / m² cost followed by "Townhouse" with an average price of KSh 123,071 / m².