The prices in real estate in Kisauni, in the Mombasa region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per m² in Kisauni has had a strong decrease during the last 6 months. In February, the average price per m² was KSh 77,942. In the following month the price per m² decreased considerably to KSh 56,487. The price for the following two months in (April, May) had a considerable decrease of 45 with regard to the prior two months. The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of KSh 48,849 to KSh 51,188.5 during June y July
Based upon to the price in Kisauni (constituencies & towns), this has fallen considerably in the last 6 months. The average price for February is KSh 24,250,000. During March the price had a slight fall till KSh 21,611,111. During the following two months (April, May) the average price had a considerable reduction of 62 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from KSh 18,587,848 to KSh 13,873,214, which means a 75 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of KSh 16,371,429 they are 50 % more affordable than the average price for Kisauni. The properties with the highest average price have 4 bedrooms, Their price is 32 % more costly than the average. After that we have properties with 3 bedrooms priced at KSh 11,054,491.
With regard to the average price per m² , those properties with 2 bedrooms are the cheapest ones at a cost of KSh 45,715 / m², with an average KSh 58,098 / m² price in Kisauni. The properties with the highest average prices have 1 bedroom. They are 46 % more expensive than the average followed by properties with 4 bedrooms with a price at KSh 71,909 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of KSh 16,371,429 it is 41 % cheaper than the average price in Kisauni. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Plot". At a price of KSh 11,398,036 it is 41 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Plot" at an average cost of KSh 12,066 / m² followed by "Apartment" priced at KSh 52,584 / m². "Townhouse" is the most costly type of property with a KSh 1,193,712 / m² cost followed by "House" with an average price of KSh 82,416 / m².