Property Prices in Garowe, Somalia

Find out actual data about & Safety Index in Garowe, Somalia

Price to Income Ratio 396.57
Mortgage as Percentage of Income 4,201.68%
Loan Affordability Index 0.02
Price to Rent Ratio – City Centre 829.56
Price to Rent Ratio – Outside of Centre 1,459.29
Gross Rental Yield (City Centre) 0.12%
Gross Rental Yield (Outside of Centre) 0.07%
country data (source The World Bank, 2021)
GDP Per Capita ($) 0.00
GDP Growth Rate 2.30%
Population Growth Rate 2.35%

Rent Per Month in Somalia

Apartment (1 bedroom) in City Centre 151.78$ 60$ – 300$
Apartment (1 bedroom) Outside of Centre 74.99$ 40$ – 150$
Apartment (3 bedrooms) in City Centre 369.71$ 200$ – 700$
Apartment (3 bedrooms) Outside of Centre 169.33$ 120$ – 350$

Buy Apartment Price in Somalia

Price per Square Meter to Buy Apartment in City Centre 31837.74$ 10763.91$ – 70000$
Price per Square Meter to Buy Apartment Outside of Centre 26611.11$ 15000$ – 45000$

Salaries And Financing in Somalia

Average Monthly Net Salary (After Tax) 368.46$ 0$ – 0$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 8.74$ 4$ – 12$

These data are based on 2014 entries in the past 27 months from 466 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 Garowe in 2023 and 2024 Prediction

Housing costs are an important factor for quality of life in Garowe. According to statistics, the average price per square meter of property in Garowe is around 31837$
in the city center and 74$ in outskirts. Rental prices for a one-bedroom apartment in the city center average 151$ per month.
Property price growth has stabilized in recent years, making housing similarly affordable. Rental yields range from 8%.
While carrying some premium over national averages, overall housing in Garowe remains reasonably priced compared to similar sized cities globally.
This increases disposable income and cost of living for residents.

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