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 March, the average price per m² was KSh 16,862. In April this price pretty much remained the same at a value of KSh 16,862 per m². The price for the following two months in (May, June) had a considerable decrease of 0 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 8,431 to during July, and August.
Based upon to the price in Machakos Town (constituencies & towns), this has fallen considerably in the last 6 months. In our first sample month during March, the average price is KSh 2,733,333. In April This price remains at KSh 2,733,333. During the following two months (May, June) the average price had a considerable reduction of 0 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from KSh 1,366,666.5 to , which means a 0 % fall.