The rent prices in real estate in Belabela, in the Limpopo region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per m² in Belabela has risen strongly during the last 6 months. In September, the average price per m² was R 34,69. In the following month the price per m² rose considerably to R 40,64. The price for the following two months in (November, December) had a considerable rise of 14302 %. The price per m² has had a considerable fall of 2 % 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 2 712,33 to R 41,3 during January, and February.
When referring to the price in Belabela (cities & towns), this has risen considerably in the last 6 months. In our first sample month during September, the average price is R 5 550. In October This price remains at R 5 300. During the following two months (November, December) the average price had a considerable rise of 5032 % 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 139 192 to R 10 294,5, which means a 7 % fall.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 51 % more affordable than the average price of R 4 908 in Belabela. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 51 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 9 % more expensive than the average price of (R 53 / m²) in Belabela. Properties with the most expensive price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 9 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Flat" as the most affordable one. At an cost of R 9 933 it is 52 % more affordable than the average price in Belabela. "Apartment" is seen as the second most affordable property type. The most affordable property is "House" followed by "Townhouse". At a price of R 4 883 it is 51 % more affordable than the average price.
According to the average cost per m², the most affordable property is "Flat" at an average price of R 23 / m² followed by "Apartment" priced at R 33 / m². "House" is the most expensive type of property with a R 53 / m² value followed by "Townhouse" with an average price of R 48 / m².