The prices in real estate in Ngong, in the Nairobi 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 Ngong has had a strong decrease during the last 6 months. In November, the average price per m² was KSh 100,151. In December this price pretty much remained the same at a value of KSh 100,151 per m². The price for the following two months in (January, February) had a considerable decrease of 0 with regard to the prior two months. The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of KSh 50,075.5 to KSh 50,025 during March y April
Based upon to the price in Ngong (constituencies & towns), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is KSh 23,750,000. In December This price remains at KSh 23,750,000. During the following two months (January, February) 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 pretty much remained the same with regard to the previous average values going from an average value of KSh 11,875,000 and KSh 11,863,125 between March and April.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 43 % cheaper than the average price of KSh 13,543,317 in Ngong. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 43 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 2126 % more costly than the average price of (KSh 2,227,444 / m²) in Ngong. Properties with the most expensive price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 2126 % more costly than the average value aforementioned.
The graph displaying the average prices displays the property type "Commercial Property" as the most affordable one. At an cost of KSh 23,726,250 it is 43 % cheaper than the average price in Ngong. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Commercial Property". At a price of KSh 13,475,733 it is 43 % more affordable than the average price.
According to the average cost per m², the most expensive property type would be "Commercial Property" at an average cost of KSh 2,216,327 / m² followed by "House" priced at KSh 2,227,444 / m². "House" is the most costly type of property with a KSh 2,227,444 / m² cost followed by "Commercial Property" with an average price of KSh 2,216,327 / m².