The prices in real estate in Kilifi, in the Kilifi 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 Kilifi has increased strongly during the last 6 months. In December, the average price per m² was KSh 21,719. In the following month the price per m² decreased to KSh 18,502. The price for the following two months in (February, March) had a considerable increment of 124 %. The price per m² has had a considerable increase of 139 % 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 22,479.25 to KSh 31,323 during April, and May.
Based upon to the price in Kilifi (constituencies & towns), this has fallen considerably in the last 6 months. The average price for December is KSh 9,021,765. During January the price had a considerable reduction till KSh 2,899,643. During the following two months (February, March) the average price had a considerable reduction of 66 % 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 4,954,176 and KSh 5,020,208.5 between April and May.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of KSh 6,012,500 they are 78 % more affordable than the average price for Kilifi. The properties with the highest average price have 4 bedrooms, Their price is 730 % more costly than the average. After that we have properties with 3 bedrooms priced at KSh 8,410,468.
With regard to the average price per m² , those properties with 1 bedroom are the cheapest ones at a cost of KSh 19,877 / m², with an average KSh 38,740 / m² price in Kilifi. The properties with the highest average prices have 4 bedrooms. They are 600 % more expensive than the average followed by properties with 2 bedrooms with a price at KSh 55,209 / m².
The graph displaying the average prices displays the property type "Plot" as the most costly one. At an cost of KSh 6,012,500 it is 141 % more expensive than the average price in Kilifi. "House" is seen as the second dearest property type. The dearest property type is "Apartment" followed by "House". At a price of KSh 28,661,797 it is 1190 % 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 47,007 / m² followed by "Plot" priced at KSh 116,822 / m². "Apartment" is the most costly type of property with a KSh 222,623 / m² cost followed by "Plot" with an average price of KSh 116,822 / m².