The prices in real estate in Machakos Town, in the Machakos 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 Machakos Town has had a strong decrease during the last 6 months. In January, the average price per m² was KSh 25,939. In the following month the price per m² decreased considerably to KSh 16,862. The price for the following two months in (March, April) had a considerable decrease of 79 with regard to the prior two months. The price per m² has had a considerable deflation of 0 % 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 19,131.25 to during May, and June.
Based upon to the price in Machakos Town (constituencies & towns), this has fallen considerably in the last 6 months. The average price for January is KSh 2,975,000. During February the price had a slight fall till KSh 2,733,333. In the following two months the average price has remained the same with regard to the previous two months from KSh 2,854,166.5 to KSh 2,733,333. During the last two months the average price has had a strong fall compared to the previous four going from KSh 2,793,749.75 to , which means a 0 % fall.