The prices in real estate in Thika, 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 Thika 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 32,096.5 during February, and March.
Based upon to the price in Thika (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 2 bedrooms are the cheapest ones. At a price of KSh 19,230,000 they are 83 % more affordable than the average price for Thika. The properties with the lowest average price have 4 bedrooms, Their price is 20 % cheaper than the average. After that we have properties with 1 bedroom priced at KSh 9,192,708.
With regard to the average price per m² , those properties with 2 bedrooms are the cheapest ones at a cost of KSh 23,113 / m², with an average KSh 28,372 / m² price in Thika. The properties with the highest average prices have 1 bedroom. They are 9340 % more expensive than the average followed by properties with 4 bedrooms with a price at KSh 81,344 / m².
The graph displaying the average prices displays the property type "Commercial Property" as the most affordable one. At an cost of KSh 19,230,000 it is 44 % cheaper than the average price in Thika. "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 10,813,330 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 1,800,422 / m² followed by "House" priced at KSh 1,809,454 / m². "House" is the most costly type of property with a KSh 1,809,454 / m² cost followed by "Commercial Property" with an average price of KSh 1,800,422 / m².