In Mombasa the demand for rental property is high and the rental fee is quite high, but if the yield of the property owner gets higher, there is a possibility that the rent yield will improve.
As more people travel from Menbasa to Kenya's overseas people from the inland areas of Kenya to enjoy white sand beach, primitive architecture, diverse wildlife and marine life, tropical climate and warm salty seawater, work and business Prospects, accommodation and rental properties are essential basic needs.
Increased ease of access to mortgages and real estate loans by Mombasa's local financial institutions means that rental revenues will begin to increase rapidly.
Availability of rental properties in Mombasa CBD
Like Nairobi, both commercial and residential rental properties in Mombasa's CBD are difficult to arrive, and finally find a planned rental property is always a tough deal.
- The deposit amount of the rent requested from the new bid is quite high within the CBD and you may have to pay a deposit fee of 3-6 months
- Higher rental rates are related not only to the marketability of CBD properties but also to the lack of sufficient supply of properties to accommodate the increase in demand (as most buildings are multi-storey) . As for the investment in the vertical space, we need to do a lot of things.
- The tendency to divide large commercial facilities into small competitive stalls that are prevalent in Nairobi is rapidly established in Mombasa. Kikko is the most important residential area in the CBD, the regional headquarters of the city, the law court, the city council, the reputation private middle school and the public school middle income zone within the CBD are Ganjoni and Tudor in Mombasa Island.
- Commercial real estate owners will try to raise the rent yield while responding to small business traders who can not buy large commercial / office space.
Availability of Mombasa's rental apartments other than CBD
Outside the CBD, rental properties in certain areas such as Mtwapa, Utange, Diani, Vipingo, etc. have recorded growth of up to 100% recently, handsome rental yields are attractive
- Apart from CBD, as higher-rise buildings and luxurious apartments dominate the scene and people discover the value of real estate (related to tourism packages) located on the coast, it becomes a new frontier of real estate development It is. .
- Mombasa, which is trying to exploit new business opportunities in the coastal area, with the rapid inflow of inland areas of Kenya and foreign foreigners, contributed to the rapidly rising rents of real estate in cities outside the city. High end neighborhood
Tenancy
The main way of Mombasa's tenants is a regular tenant that is processed periodically (monthly or yearly) until the tenant ends.
- Low income contract
- I live in areas such as Mnazi Mmoja and Shaori yako of Kongauea with a semi-permanent structure.
- Single room rent is Ksh 500 ~ 1000.
- Medium low income contract
- The rent is between Ksh 5000 and 7000 per household
- Upper middle high-income earners
- You can afford Ksh 40,000 or more of 3 br apartments in Estates such as Nyali, Utange, Mtwapa.
Rent yield
The cost of land in Mombasa city is more than four times more recently. The current rental index is 7.8.
- On average, based on location of property: From 2010, rents will rise by more than 35% in fast-growing areas such as Mtwapa, and the rent for 2 gates will be Ksh 20,000 - 25,000. The rent for CBD is 15,000 to 20,000 Ksh and the apartment in 3 br is Ksh 32,000 to 40,000.
- A plot of 50 x 100 feet is currently being sold at Ksh 2.5 million
- Ac Acre's land is about 4 million
- Outside the city, the price of 1 br apartment is Ksh 5,000 to 15,000, 3 br is Ksh 17,000 to 25,000.
As demand for real estate in Mombasa city increases, it is important for city councils, investors, and developers among other owners to protect against unplanned districts by promoting quality real estate planning .
You can change the appearance of the room, refresh the color, clean and fresh by paint tin, roller brush, working for hours. Add value to rental,
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