Property prices for rent in City Of Johannesburg Metro (Gauteng)
The rent prices in real estate in City Of Johannesburg Metro, in the Gauteng region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per m² in City Of Johannesburg Metro has risen during the last 6 months. In October, the average price per m² was R 148,54. In the following month the price per m² rose to R 162,86. In the following two months the price per m² has risen 105 %, going from R 155,7 to R 163,69 per m². The price per m² has hardly changed in the last two months compared to the average price of the previous four months going from an average price of R 159,7 to R 163,85 during February y March
When referring to the price in City Of Johannesburg Metro (cities & towns), this has risen in the last 6 months. The rent price in October is R 22 024, rising in November till R 23 639. In the following two months the average price has hardly changed with regard to the previous two months from R 22 831,5 to R 23 581. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of R 23 206,25 and R 23 820 between February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of R 23 820 they are 44 % more affordable than the average price for City Of Johannesburg Metro . The properties with the highest average price have 4 bedrooms, Their price is 50 % more expensive than the average. After that we have properties with 3 bedrooms priced at R 28 784.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 109 / m², with an average R 163,85 / m² price in City Of Johannesburg Metro. The properties with the most expensive average prices have 1 bedroom. They are 38 % more expensive than the average followed by properties with 2 bedrooms with a price at R 203 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of R 23 820 it is 60 % more affordable than the average price in City Of Johannesburg Metro. "Flat" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "House". At a price of R 18 959 it is 27 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Office" at an average price of R 12 / m² followed by "Apartment" priced at R 89 / m². "House" is the most expensive type of property with a R 215 / m² value followed by "Townhouse" with an average price of R 174 / m².
