The rent prices in real estate in Kisauni, in the Mombasa region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per m² in Kisauni has had a strong fall during the last 6 months. In December, the average price per m² was KSh 261.94. In January this price barely changed remaining at KSh 260.1 per m². The price for the following two months in (February, March) had a considerable fall of 17 with regard to the previous two months. The price per m² has risen 106 % 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 152.45 to KSh 162.34 during April, and May.
When referring to the price in Kisauni (constituencies & towns), this has fallen considerably in the last 6 months. In our first sample month during December, the average price is KSh 49,974. In January This price remains at KSh 49,081. During the following two months (February, March) the average price had a considerable fall of 56 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 88 %, going from KSh 38,528.25 to KSh 33,754 in April and May.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of KSh 44,175 they are 14 % more affordable than the average price for Kisauni . The properties with the highest average price have 4 bedrooms, Their price is 79 % more expensive than the average. After that we have properties with 3 bedrooms priced at KSh 47,690.
With regard to the average price per m², those properties with 2 bedrooms are the most expensive ones at a cost of KSh 290 / m², with an average KSh 244 / m² price in Kisauni. The properties with the most expensive average prices have 1 bedroom. They are 68 % more expensive than the average followed by properties with 4 bedrooms with a price at KSh 397 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most expensive one. At an cost of KSh 44,175 it is 79 % more expensive than the average price in Kisauni. "Commercial Property" is seen as the second most expensive property type. The most expensive property type is "Townhouse" followed by "Commercial Property". At a price of KSh 80,206 it is 341 % more expensive than the average price.
According to the average cost per m², the least affordable property would be "Apartment" at an average price of KSh 397 / m² followed by "Townhouse" priced at KSh 622 / m². "Commercial Property" is the most expensive type of property with a KSh 681 / m² value followed by "Townhouse" with an average price of KSh 622 / m².