The rent prices in real estate in Ballito, in the Kwazulu-natal region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per m² in Ballito has barely changed in the last 6 months. In October, the average price per m² was R 123,47. In November this price barely changed remaining at R 127,85 per m². In the following two months the price per m² has risen 107 %, going from R 125,66 to R 133,87 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 129,76 to R 124,17 during February y March
When referring to the price in Ballito (cities & towns), this has risen considerably in the last 6 months. In our first sample month during October, the average price is R 17 928. In November This price remains at R 18 058. During the following two months (December, January) the average price had a considerable rise of 116 % 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 had a strong increase of 130 % 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 27 413 they are 62 % more affordable than the average price for Ballito . The properties with the highest average price have 4 bedrooms, Their price is 42 % more expensive than the average. After that we have properties with 3 bedrooms priced at R 27 629.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 62,3 / m², with an average R 95,6 / m² price in Ballito. The properties with the most expensive average prices have 2 bedrooms. They are 59 % more expensive than the average followed by properties with 1 bedroom with a price at R 109,38 / m².
The graph displaying the average rent prices displays the property type "Flat" as the most affordable one. At an cost of R 27 413 it is 50 % more affordable than the average price in Ballito. "House" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Apartment". At a price of R 32 156 it is 28 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Commercial" at an average price of R 66 / m² followed by "Townhouse" priced at R 86,81 / m². "Office" is the most expensive type of property with a R 171,81 / m² value followed by "Flat" with an average price of R 164,76 / m².