The prices in real estate in Nyali, 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 Nyali has had a strong decrease during the last 6 months. In September, the average price per m² was KSh 33,292. In the following month the price per m² increased considerably to KSh 45,468. The price for the following two months in (November, December) had a considerable decrease of 36 with regard to the prior two months. The price per m² has decreased 94 % 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 26,763.25 to KSh 25,033.5 during January, and February.
Based upon to the price in Nyali (constituencies & towns), this has fallen considerably in the last 6 months. The average price for September is KSh 23,538,462. During October the price had a considerable reduction till KSh 17,008,333. During the following two months (November, December) the average price had a considerable reduction of 60 % 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 gone up 112 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 47 % more costly than the average price of KSh 30,764,536 in Nyali. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 47 % more expensive than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 12456 % more costly than the average price of (KSh 4,165,488 / m²) in Nyali. Properties with the most expensive price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 12456 % more costly than the average value aforementioned.
The graph displaying the average prices displays the property type "Commercial Property" as the most costly one. At an cost of KSh 20,950,000 it is 46 % more expensive than the average price in Nyali. "Apartment" is seen as the second dearest property type. The dearest property type is "Townhouse" followed by "Apartment". At a price of KSh 30,764,536 it is 48 % more expensive than the average price.
According to the average cost per m², the most expensive property type would be "Apartment" at an average cost of KSh 4,165,488 / m² followed by "Commercial Property" priced at KSh 5,358,749 / m². "Townhouse" is the most costly type of property with a KSh 5,412,638 / m² cost followed by "Commercial Property" with an average price of KSh 5,358,749 / m².