The prices in real estate in Mombasa, in the Mombasa 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 Mombasa has increased strongly during the last 6 months. In July, the average price per m² was KSh 7,510. In the following month the price per m² increased considerably to KSh 12,299. The price for the following two months in (September, October) had a considerable increment of 250 %. The price per m² has had a considerable increase of 236 % 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 17,346.5 to KSh 40,886.5 during November, and December.
Based upon to the price in Mombasa (constituencies & towns), this has gone up considerably in the last 6 months. The average price for July is KSh 14,135,294. During August the price had a considerable reduction till KSh 6,149,020. During the following two months (September, October) the average price had a considerable increase of 193 % 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 135 % 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 18,895,833 they are 47 % more affordable than the average price for Mombasa. The properties with the highest average price have 4 bedrooms, Their price is 114 % more costly than the average. After that we have properties with 3 bedrooms priced at KSh 18,321,616.
With regard to the average price per m² , those properties with 1 bedroom are the cheapest ones at a cost of KSh 32,191 / m², with an average KSh 35,786 / m² price in Mombasa. The properties with the highest average prices have 4 bedrooms. They are 124 % more expensive than the average followed by properties with 3 bedrooms with a price at KSh 47,828 / m².
The graph displaying the average prices displays the property type "Apartment" as the most costly one. At an cost of KSh 18,895,833 it is 1 % more expensive than the average price in Mombasa. "Plot" is seen as the second dearest property type. The dearest property type is "Commercial" followed by "House". At a price of KSh 43,094,350 it is 472 % 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 6,209 / m² followed by "Townhouse" priced at KSh 33,155 / m². "House" is the most costly type of property with a KSh 66,463 / m² cost followed by "Commercial" with an average price of KSh 63,809 / m².