The prices in real estate in Langata, 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 Langata 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 155,587.5 during February, and March.
Based upon to the price in Langata (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 2 bedrooms are the cheapest ones. At a price of KSh 64,744,375 they are 88 % more affordable than the average price for Langata. The properties with the lowest average price have 4 bedrooms, Their price is 9 % cheaper than the average. After that we have properties with 1 bedroom priced at KSh 40,259,795.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of KSh 57,161 / m², with an average KSh 154,615 / m² price in Langata. The properties with the highest average prices have 1 bedroom. They are 303 % more expensive than the average followed by properties with 2 bedrooms with a price at KSh 144,635 / m².
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of KSh 64,744,375 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 "Apartment". At a price of KSh 66,079,949 it is 18 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Townhouse" at an average cost of KSh 97,616 / m² followed by "House" priced at KSh 150,844 / m². "Apartment" is the most costly type of property with a KSh 195,622 / m² cost followed by "Commercial" with an average price of KSh 194,643 / m².