The rent prices in real estate in Amanzimtoti, in the Kwazulu-natal 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 Amanzimtoti has fallen during the last 6 months. In October, the average price per m² was R 63,1. In the following month the price per m² fell considerably to R 47,62. The price for the following two months in (December, January) had a considerable fall of 57 with regard to the previous two months. The price per m² has had a considerable rise of 204 % 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 43,56 to R 88,8 during February, and March.
When referring to the price in Amanzimtoti (cities & towns), this has risen in the last 6 months. In our first sample month during October, the average price is R 9 518. In November This price remains at R 9 437. During the following two months (December, January) the price has had an average rise from R 9 477,5 to R 10 200. Based on an analysis of the first four prices and the last two months the average price has increased 113 % 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 10 343 they are 50 % more affordable than the average price for Amanzimtoti . The properties with the highest average price have 4 bedrooms, Their price is 72 % more expensive than the average. After that we have properties with 3 bedrooms priced at R 12 500.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 21 / m², with an average R 82,98 / m² price in Amanzimtoti. The properties with the most expensive average prices have 1 bedroom. They are 59 % more expensive than the average followed by properties with 3 bedrooms with a price at R 73,38 / m².
The graph displaying the average rent prices displays the property type "Flat" as the most affordable one. At an cost of R 10 343 it is 26 % more affordable than the average price in Amanzimtoti. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "Commercial" followed by "House". At a price of R 15 303 it is 463 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Flat" at an average price of R 1 / m² followed by "Townhouse" priced at R 10 / m². "Commercial" is the most affordable type of property with a R 69 / m² value followed by "House" with an average price of R 68 / m².