The rent prices in real estate in Barberton, in the Mpumalanga region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per m² in Barberton has had a strong fall during the last 6 months. In October, the average price per m² was R 6 450. In the following month the price per m² fell considerably to R 26. The price for the following two months in (December, January) had a considerable rise of 127 %. The price per m² has risen 114 % 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 3 669 to R 4 167,5 during February, and March.
When referring to the price in Barberton (cities & towns), this has risen considerably in the last 6 months. The rent price in October is R 6 450, rising in November till R 7 261. During the following two months (December, January) the average price had a considerable rise of 369 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from R 16 091,25 to R 5 274,5, which means a 33 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most expensive ones. At a price of R 5 291 they are 51 % more expensive than the average price for Barberton. Following this ranking we find those properties with 3 at an average price of R 280 422 624. The properties with the highest average price have 2 bedrooms, Their price is 5321146 % more expensive than the average. After that we have properties with 3 bedrooms priced at R 280 422 624.
With regard to the average price per m², those properties with 1 bedroom are the most expensive ones at a cost of R 7 967 / m², with an average R 4 184 / m² price in Barberton. The properties with the most expensive average prices have 2 bedrooms. They are 4658474 % more expensive than the average followed by properties with 3 bedrooms with a price at R 194 136 229 / m².
The graph displaying the average rent prices displays the property type "Farm" as the most expensive one. At an cost of R 5 291 it is 5273446 % more expensive than the average price in Barberton. "House" is seen as the second most expensive property type. The most expensive property type is "House" followed by "Farm". At a price of R 279 023 321 it is 5299893 % more expensive than the average price.
According to the average cost per m², the least affordable property would be "Farm" at an average price of R 193 167 487 / m² followed by "House" priced at R 194 136 229 / m². "House" is the most expensive type of property with a R 194 136 229 / m² value followed by "Farm" with an average price of R 193 167 487 / m².