The prices in real estate in Ngong, 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 Ngong 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 40,362 during February, and March.
Based upon to the price in Ngong (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 1 bedroom are the most costly ones. At a price of KSh 9,088,028 they are 2 % more expensive than the average price for Ngong. Following this ranking we find those properties with 2 at an average price of KSh 13,354,931. The properties with the highest average price have 2 bedrooms, Their price is 47 % more costly than the average. After that we have properties with 1 bedroom priced at KSh 9,240,414.
With regard to the average price per m² , those properties with 1 bedroom are the most costly ones at a cost of KSh 343,598 / m², with an average KSh 46,561 / m² price in Ngong. The properties with the highest average prices have 2 bedrooms. They are 4617 % more expensive than the average followed by properties with 1 bedroom with a price at KSh 343,598 / m².
The graph displaying the average prices displays the property type "Commercial Property" as the most costly one. At an cost of KSh 9,088,028 it is 45 % more expensive than the average price in Ngong. "Apartment" is seen as the second dearest property type. The dearest property type is "Apartment" followed by "Commercial Property". At a price of KSh 13,221,977 it is 47 % more expensive 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 2,174,584 / m² followed by "Apartment" priced at KSh 2,196,455 / m². "Apartment" is the most costly type of property with a KSh 2,196,455 / m² cost followed by "Commercial Property" with an average price of KSh 2,174,584 / m².