The prices in real estate in Kiambu, in the Kiambu region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per m² in Kiambu has had a strong decrease during the last 6 months. In November, the average price per m² was KSh 83,978. In December this price pretty much remained the same at a value of KSh 81,512 per m². The price for the following two months in (January, February) had a considerable decrease of 81 with regard to the prior two months. The price per m² has decreased 92 % 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 74,757.75 to KSh 68,671 during March, and April.
Based upon to the price in Kiambu (constituencies & towns), this has gone downing the last 6 months. In our first sample month during November, the average price is KSh 25,087,308. In December This price remains at KSh 25,356,549. During the following two months (January, February) the average price had a considerable reduction of 85 % with regard to the previous two months. 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 23,293,694 and KSh 22,258,260 between March and April.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 56 % cheaper than the average price of KSh 10,096,368 in Kiambu. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 56 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 16 % more costly than the average price of (KSh 83,908 / m²) in Kiambu. Properties with the most expensive price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 16 % more costly than the average value aforementioned.
The graph displaying the average prices displays the property type "Plot" as the most affordable one. At an cost of KSh 22,865,644 it is 57 % cheaper than the average price in Kiambu. "Commercial" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Commercial". At a price of KSh 10,045,983 it is 56 % more affordable than the average price.
According to the average cost per m², the most expensive property type would be "Plot" at an average cost of KSh 82,652 / m² followed by "Commercial" priced at KSh 83,488 / m². "House" is the most costly type of property with a KSh 83,908 / m² cost followed by "Commercial" with an average price of KSh 83,488 / m².