Property Prices in Massawa, Eritrea

Find out actual data about & Safety Index in Massawa, Eritrea

Price to Income Ratio 5.45
Mortgage as Percentage of Income 72.06%
Loan Affordability Index 1.39
Price to Rent Ratio – City Centre 10.36
Price to Rent Ratio – Outside of Centre 15.73
Gross Rental Yield (City Centre) 9.65%
Gross Rental Yield (Outside of Centre) 6.36%
country data (source The World Bank, 2021)
GDP Per Capita ($) 1,600.00
GDP Growth Rate 5.00%
Population Growth Rate 0.98%

Rent Per Month in Eritrea

Apartment (1 bedroom) in City Centre 475$ 300$ – 650$
Apartment (1 bedroom) Outside of Centre 400$ 200$ – 600$
Apartment (3 bedrooms) in City Centre 725$ 600$ – 850$
Apartment (3 bedrooms) Outside of Centre 650$ 550$ – 750$

Buy Apartment Price in Eritrea

Price per Square Meter to Buy Apartment in City Centre 1000$ 0$ – 0$
Price per Square Meter to Buy Apartment Outside of Centre 1312.5$ 1000$ – 1937.5$

Salaries And Financing in Eritrea

Average Monthly Net Salary (After Tax) 1060$ 0$ – 0$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 12$ 0$ – 0$

These data are based on 2180 entries in the past 18 months from 187 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 Massawa in 2023 and 2024 Prediction

Housing costs are an important factor for quality of life in Massawa. According to statistics, the average price per square meter of property in Massawa is around 1000$
in the city center and 400$ in outskirts. Rental prices for a one-bedroom apartment in the city center average 475$ per month.
Property price growth has stabilized in recent years, making housing similarly affordable. Rental yields range from 4%.
While carrying some premium over national averages, overall housing in Massawa remains mid-range compared to similar sized cities globally.
This increases disposable income and cost of living for residents.

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