The prices in real estate in Ruiru, in the Kiambu 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 Ruiru has increased strongly during the last 6 months. In November, 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 (January, February) had a considerable increment of 2147483647 %. The price per m² has had a considerable increase of 419 % 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 12,898 to KSh 54,044.5 during March, and April.
Based upon to the price in Ruiru (constituencies & towns), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is . During December the price went through a considerable rise reaching . During the following two months (January, February) the average price had a considerable increase of 2147483647 % 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 449 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of KSh 12,331,938 they are 89 % more affordable than the average price for Ruiru. The properties with the highest average price have 4 bedrooms, Their price is 28 % more costly than the average. After that we have properties with 3 bedrooms priced at KSh 7,352,386.
With regard to the average price per m² , those properties with 1 bedroom are the cheapest ones at a cost of KSh 49,650 / m², with an average KSh 57,178 / m² price in Ruiru. The properties with the highest average prices have 4 bedrooms. They are 47 % more expensive than the average followed by properties with 3 bedrooms with a price at KSh 57,076 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of KSh 12,331,938 it is 73 % cheaper than the average price in Ruiru. "Plot" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of KSh 13,235,547 it is 14 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Plot" at an average cost of KSh 5,226 / m² followed by "Apartment" priced at KSh 52,607 / m². "House" is the most costly type of property with a KSh 94,024 / m² cost followed by "Commercial Property" with an average price of KSh 81,198 / m².