Property prices for sale in Langata (Nairobi)
The prices in real estate in Langata, in the Nairobi region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in Langata has fallen in the last 6 months. In December, the average price per m² was KSh 127,456. In the following month the price per m² decreased considerably to KSh 99,935. The price for the following two months in (February, March) decreased 93 % with regard to the prior two months. The price per m² has had a considerable increase of 117 % 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 109,538.25 to KSh 127,847.5 during April, and May.
Based upon to the price in Langata (constituencies & towns), this has gone up considerably in the last 6 months. In our first sample month during December, the average price is KSh 60,682,500. In January This price remains at KSh 59,466,667. During the following two months (February, March) the average price had a considerable increase of 136 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from KSh 70,768,352 to KSh 64,588,472 in April and May.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of KSh 66,211,845 they are 89 % more affordable than the average price for Langata. The properties with the lowest average price have 4 bedrooms, Their price is 11 % cheaper than the average. After that we have properties with 1 bedroom priced at KSh 40,380,818.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of KSh 57,335 / m², with an average KSh 125,882 / m² price in Langata. The properties with the highest average prices have 1 bedroom. They are 396 % more expensive than the average followed by properties with 2 bedrooms with a price at KSh 145,071 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of KSh 66,211,845 it is 73 % cheaper than the average price in Langata. "Commercial Property" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of KSh 66,278,587 it is 15 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Apartment" at an average cost of KSh 97,910 / m² followed by "House" priced at KSh 151,299 / m². "Commercial" is the most costly type of property with a KSh 196,212 / m² cost followed by "Commercial Property" with an average price of KSh 192,314 / m².
