The prices in real estate in Kiambu, 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 Kiambu has increased strongly during the last 6 months. In October, the average price per m² was . In the following month the price per m² increased considerably to . The price for the following two months in (December, January) had a considerable increment of 0 %. The price per m² has had a considerable increase of 2147483647 % 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 to KSh 84,498 during February, and March.
Based upon to the price in Kiambu (constituencies & towns), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is . During November the price went through a considerable rise reaching . During the following two months (December, January) the average price had a considerable increase of 0 % 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 2147483647 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of KSh 54,082,438 they are 83 % more affordable than the average price for Kiambu. The properties with the highest average price have 4 bedrooms, Their price is 8 % more costly than the average. After that we have properties with 3 bedrooms priced at KSh 20,593,721.
With regard to the average price per m² , those properties with 2 bedrooms are the most costly ones at a cost of KSh 124,738 / m², with an average KSh 81,820 / m² price in Kiambu. The properties with the highest average prices have 3 bedrooms. They are 82 % more expensive than the average followed by properties with 4 bedrooms with a price at KSh 146,945 / m².
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of KSh 54,082,438 it is 51 % cheaper than the average price in Kiambu. "Commercial Property" is seen as the second most affordable property type. The dearest property type is "House" followed by "Industrial Property". At a price of KSh 62,235,394 it is 80 % more expensive than the average price.
According to the average cost per m², the most expensive property type would be "Townhouse" at an average cost of KSh 128,403 / m² followed by "House" priced at KSh 191,530 / m². "Commercial" is the most costly type of property with a KSh 852,795 / m² cost followed by "Commercial Property" with an average price of KSh 836,728 / m².