The prices in real estate in Starehe, 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 Starehe has increased strongly during the last 6 months. In September, the average price per m² was KSh 406,368. In the following month the price per m² decreased considerably to KSh 272,310. The price for the following two months in (November, December) had a considerable increment of 4977 %. The price per m² has had a considerable deflation of 1 % 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 8,613,984 to KSh 123,015.5 during January, and February.
Based upon to the price in Starehe (constituencies & towns), this has gone downing the last 6 months. The average price for September is KSh 180,060,000. During October the price had a slight fall till KSh 155,366,667. During the following two months (November, December) the price has had an average incrementation from KSh 167,713,328 to KSh 188,332,144. During the last two months the average price has had a strong fall compared to the previous four going from KSh 178,022,736 to KSh 121,015,000, which means a 68 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of KSh 145,010,000 they are 97 % more affordable than the average price for Starehe. The properties with the lowest average price have 2 bedrooms, Their price is 51 % cheaper than the average. After that we have properties with 1 bedroom priced at KSh 3,775,000.
With regard to the average price per m² , those properties with 1 bedroom are the cheapest ones at a cost of KSh 75,255 / m², with an average KSh 143,269 / m² price in Starehe. The properties with the highest average prices have 2 bedrooms. They are 16375 % more expensive than the average followed by properties with 1 bedroom with a price at KSh 75,255 / m².
With regard to the average price based upon the property in Starehe we can see that the cheapest property type is "Apartment" at a price of KSh 70,403,621, they are 51 % more affordable than the average price of (!PRECIO2!). "Apartment" has the lowest price. This price is 51 % more affordable than the average price aforementioned.
According to the average area price by m² the most costly property type is "Apartment with an average price of KSh 23,604,208 / m². "Apartment" at an average price of KSh 23,604,208 / m² has the most expensive price and would be directed at more affluent cities.