The rent prices in real estate in Mombasa, 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 Mombasa has had a strong fall during the last 6 months. In September, the average price per m² was KSh 111.54. In the following month the price per m² fell considerably to . The price for the following two months in (November, December) had a considerable fall of 0 with regard to the previous two months. The price per m² has risen 107 % 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 27.89 to KSh 29.73 during January, and February.
When referring to the price in Mombasa (constituencies & towns), this has fallen considerably in the last 6 months. The average price for September is KSh 83,132. During October the price had a considerable fall till . During the following two months (November, December) the average price had a considerable fall 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 had a strong increase of 213 % during the last two months.
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 88,631 they are 48 % more affordable than the average price for Mombasa . The properties with the highest average price have 4 bedrooms, Their price is 40 % more expensive than the average. After that we have properties with 3 bedrooms priced at KSh 71,547.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of KSh 55 / m², with an average KSh 59.46 / m² price in Mombasa. The properties with the most expensive average prices have 1 bedroom. They are 371 % more expensive than the average followed by properties with 2 bedrooms with a price at KSh 224 / m².
The graph displaying the average rent prices displays the property type "Plot" as the most affordable one. At an cost of KSh 88,631 it is 41 % more affordable than the average price in Mombasa. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Commercial". At a price of KSh 143,189 it is 128 % more expensive than the average price.
According to the average cost per m², the least affordable property would be "House" at an average price of KSh 64 / m² followed by "Apartment" priced at KSh 95 / m². "Plot" is the most expensive type of property with a KSh 927 / m² value followed by "Commercial" with an average price of KSh 824 / m².