The prices in real estate in Mombasa, 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 Mombasa has had a strong decrease during the last 6 months. In December, the average price per m² was KSh 49,148. In the following month the price per m² increased to KSh 52,703. The price for the following two months in (February, March) had a considerable decrease of 56 with regard to the prior two months. The price per m² has increased 105 % 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 39,660.25 to KSh 41,736.5 during April, and May.
Based upon to the price in Mombasa (constituencies & towns), these have remained the same in the last 6 months. The average price during our first sample month during December, is KSh 25,543,125. During January the price went through a considerable rise reaching KSh 29,426,250. During the following two months (February, March) the average price had a considerable increase of 151 % 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 34,517,344 to KSh 9,980,025, which means a 29 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the most costly ones. At a price of KSh 9,793,383 they are 3 % more expensive than the average price for Mombasa. Following this ranking we find those properties with 1 at an average price of KSh 10,513,396. The properties with the highest average price have 4 bedrooms, Their price is 315 % more costly than the average. After that we have properties with 3 bedrooms priced at KSh 18,450,389.
With regard to the average price per m² , those properties with 1 bedroom are the cheapest ones at a cost of KSh 32,422 / m², with an average KSh 39,192 / m² price in Mombasa. The properties with the highest average prices have 4 bedrooms. They are 106 % more expensive than the average followed by properties with 3 bedrooms with a price at KSh 48,168 / m².
The graph displaying the average prices displays the property type "Apartment" as the most costly one. At an cost of KSh 9,793,383 it is 95 % 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 43,397,223 it is 1012 % 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 6,258 / m² followed by "Townhouse" priced at KSh 33,393 / m². "House" is the most costly type of property with a KSh 66,932 / m² cost followed by "Commercial" with an average price of KSh 64,262 / m².