The rent prices in real estate in Alberton, in the Gauteng region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per m² in Alberton has fallen during the last 6 months. In October, the average price per m² was R 80,05. In November this price barely changed remaining at R 82,3 per m². In the following two months the price per m² has practically remained the same, going from R 81,18 to R 77,36 per m². The price per m² has fallen 86 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per m² of R 79,27 to R 68,4 during February, and March.
When referring to the price in Alberton (cities & towns), this has fallen considerably in the last 6 months. The average price for October is R 12 448. During November the price had a considerable fall till R 9 141. During the following two months (December, January) the average price fell 88 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has increased 106 % during the last two months.
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 11 260 they are 59 % more affordable than the average price for Alberton . The properties with the highest average price have 4 bedrooms, Their price is 116 % more expensive than the average. After that we have properties with 3 bedrooms priced at R 12 530.
With regard to the average price per m², those properties with 1 bedroom are the most affordable ones at a cost of R 37,61 / m², with an average R 60,52 / m² price in Alberton. The properties with the most expensive average prices have 2 bedrooms. They are 37 % more expensive than the average followed by properties with 3 bedrooms with a price at R 47,74 / m².
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of R 11 260 it is 51 % more affordable than the average price in Alberton. "Commercial" is seen as the second most affordable property type. The most expensive property type is "Apartment" followed by "House". At a price of R 15 199 it is 483 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Apartment" at an average price of R 35,5 / m² followed by "House" priced at R 51,15 / m². "Office" is the most expensive type of property with a R 286 / m² value followed by "Commercial" with an average price of R 79,89 / m².