Property Prices in HargeysaProperty Prices in GaroweProperty Prices in Baidoa (Baydhabo)Property Prices in BosasoProperty Prices in MogadishuProperty Prices in GalcaioProperty Prices in BoramaProperty Prices in AfgoyeProperty Prices in Jawhar
| Index | |
|---|---|
| Price to Income Ratio | 398.57 |
| Mortgage as Percentage of Income | 3 |
| Loan Affordability Index | 1.98 |
| Price to Rent Ratio – City Centre | 828.56 |
| Price to Rent Ratio – Outside of Centre | 0 |
| Gross Rental Yield (City Centre) | 2.88 |
| Gross Rental Yield (Outside of Centre) | 1.93 |
| country data (source The World Bank, 2021) | 1 |
| GDP Per Capita ($) | 1 |
| GDP Growth Rate | 0.3 |
| Population Growth Rate | 0.65 |
Rent Per Month in Somalia
| Apartment (1 bedroom) in City Centre | 150.78$ | 63$ – 302$ |
| Apartment (1 bedroom) Outside of Centre | 76.99$ | 42$ – 151$ |
| Apartment (3 bedrooms) in City Centre | 367.71$ | 201$ – 702$ |
| Apartment (3 bedrooms) Outside of Centre | 172.33$ | 122$ – 351$ |
Buy Apartment Price in Somalia
| Price per Square Meter to Buy Apartment in City Centre | 31838.74$ | 10766.91$ – 70003$ |
| Price per Square Meter to Buy Apartment Outside of Centre | 26612.11$ | 15001$ – 45003$ |
Salaries And Financing in Somalia
| Average Monthly Net Salary (After Tax) | 371.46$ | 1$ – 2$ |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 9.74$ | 6$ – 14$ |
These data are based on 3997 entries in the past 18 months from 101 different contributors.
Last update: August 2023
Our data for each country is based on all entries from all cities in that country.
Property Prices in Somalia – 2023 Stats & 2024 Forecast
Housing costs are an important factor to consider for quality of life. Property and rental prices in Somalia are generally moderate compared to global standards.
According to statistics from reputable sources, the average price per square meter of a property in a major city center is around 10766$ – 70003$ and 15001$ – 45003$ outside urban areas. Rental prices for a one-bedroom apartment in a city center average 150.78$ per month.