The prices in real estate in Nyali, 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 Nyali has increased strongly during the last 6 months. In December, the average price per m² was KSh 72,525. In the following month the price per m² increased considerably to KSh 102,332. In the following two months the price per m² has increased 111 %, going from KSh 87,428.5 to KSh 97,117 per m². The price per m² has had a considerable deflation of 72 % 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 92,272.75 to KSh 66,687.5 during April, and May.
Based upon to the price in Nyali (constituencies & towns), these have remained the same in the last 6 months. The average price for December is KSh 26,882,500. During January the price had a slight fall till KSh 25,162,500. During the following two months (February, March) the average price fell 86 % 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 121 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 23 % cheaper than the average price of KSh 30,887,903 in Nyali. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 23 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 6531 % more costly than the average price of (KSh 4,182,194 / m²) in Nyali. Properties with the most expensive price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 6531 % more costly than the average value aforementioned.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of KSh 40,183,825 it is 23 % cheaper than the average price in Nyali. "Commercial Property" is seen as the second most affordable property type. The cheapest type property is "Townhouse" followed by "Commercial Property". At a price of KSh 30,904,996 it is 23 % more affordable than the average price.
According to the average cost per m², the most expensive property type would be "House" at an average cost of KSh 4,182,194 / m² followed by "Commercial Property" priced at KSh 5,407,225 / m². "Townhouse" is the most costly type of property with a KSh 5,434,345 / m² cost followed by "Commercial Property" with an average price of KSh 5,407,225 / m².