The prices in real estate in Ruiru, in the Kiambu region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per m² in Ruiru has increased during the last 6 months. In November, the average price per m² was KSh 47,340. In the following month the price per m² increased to KSh 51,568. The price for the following two months in (January, February) had a considerable increment of 116 %. The price per m² has decreased 86 % 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 53,350.25 to KSh 45,962.5 during March, and April.
Based upon to the price in Ruiru (constituencies & towns), this has gone downing the last 6 months. In our first sample month during November, the average price is KSh 10,897,375. In December This price remains at KSh 11,015,500. In the following two months the average price has remained the same with regard to the previous two months from KSh 10,956,438 to KSh 11,359,412. During the last two months the average price has had a strong fall compared to the previous four going from KSh 11,157,925 to KSh 8,820,026, which means a 79 % fall.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 54 % more costly than the average price of KSh 11,759,705 in Ruiru. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 54 % more expensive than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 102 % more costly than the average price of (KSh 84,110 / m²) in Ruiru. Properties with the most expensive price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 102 % more costly than the average value aforementioned.
The graph displaying the average prices displays the property type "Commercial Property" as the most costly one. At an cost of KSh 7,613,278 it is 54 % more expensive than the average price in Ruiru. "House" is seen as the second dearest property type. The dearest property type is "House" followed by "Commercial Property". At a price of KSh 11,701,022 it is 54 % 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 83,688 / m² followed by "House" priced at KSh 84,110 / m². "House" is the most costly type of property with a KSh 84,110 / m² cost followed by "Commercial Property" with an average price of KSh 83,688 / m².