The prices in real estate in Westlands, 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 Westlands 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 115,110.5 during February, and March.
Based upon to the price in Westlands (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 cheapest ones. At a price of KSh 32,746,875 they are 86 % more affordable than the average price for Westlands. The properties with the highest average price have 4 bedrooms, Their price is 34 % more costly than the average. After that we have properties with 3 bedrooms priced at KSh 24,723,355.
With regard to the average price per m² , those properties with 1 bedroom are the cheapest ones at a cost of KSh 68,624 / m², with an average KSh 114,395 / m² price in Westlands. The properties with the highest average prices have 4 bedrooms. They are 18 % more expensive than the average followed by properties with 2 bedrooms with a price at KSh 120,183 / m².
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of KSh 32,746,875 it is 38 % cheaper than the average price in Westlands. "Industrial Property" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Townhouse". At a price of KSh 73,329,565 it is 281 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of KSh 108,181 / m² followed by "Townhouse" priced at KSh 199,766 / m². "Industrial Property" is the most costly type of property with a KSh 385,493 / m² cost followed by "Apartment" with an average price of KSh 240,792 / m².