Property Prices in Mogadishu, Somalia

Index Info
Price to Income Ratio: 407.56
Mortgage as Percentage of Income: 4,015.02%
Loan Affordability Index: 0.02
Price to Rent Ratio - City Centre: 689.44
Price to Rent Ratio - Outside of Centre: 1,517.95
Gross Rental Yield (City Centre): 0.15%
Gross Rental Yield (Outside of Centre): 0.07%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 197.14 $ 150.00-250.00
Apartment (1 bedroom) Outside of Centre 82.57 $ 50.00-108.00
Apartment (3 bedrooms) in City Centre 416.67 $ 350.00-500.00
Apartment (3 bedrooms) Outside of Centre 200.00 $ 150.00-350.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 2,970.93 $ 1,033.26-6,079.54
Price per Square Feet to Buy Apartment Outside of Centre 2,935.72 $ 929.02-4,626.57
Salaries And Financing
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Average Monthly Net Salary (After Tax) 390.00 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 7.75 4.00-12.00

These data are based on 54 entries in the past 18 months from 10 different contributors.
Last update: January 2024

Sources and References
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1 Comments so far
Abdirisak Mohamud Hussein on Dec 27, 2020:
in somalia there is no fixed price whole country because of Lack of Conrol