Property Prices in Eritrea

Index Info
Price to Income Ratio: 5.00
Mortgage as Percentage of Income: 66.00%
Loan Affordability Index: 1.52
Price to Rent Ratio - City Centre: 8.34
Price to Rent Ratio - Outside of Centre: 15.73
Gross Rental Yield (City Centre): 11.99%
Gross Rental Yield (Outside of Centre): 6.36%
Rent Per Month
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Apartment (1 bedroom) in City Centre 475.00 $ 300.00-650.00
Apartment (1 bedroom) Outside of Centre 400.00 $ 200.00-600.00
Apartment (3 bedrooms) in City Centre 725.00 $ 600.00-850.00
Apartment (3 bedrooms) Outside of Centre 650.00 $ 550.00-750.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 74.84 $ 56.77-92.90
Price per Square Feet to Buy Apartment Outside of Centre 121.93 $ 92.90-180.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,060.00 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 12.00

These data are based on 17 entries in the past 18 months from 4 different contributors.
Last update: November 2023
Our data for each country are based on all entries from all cities in that country.

Sources and References
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