The rent prices in real estate in Bellville, in the Western Cape 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 Bellville has risen strongly during the last 6 months. In October, the average price per m² was R 81,77. In the following month the price per m² rose to R 86,91. The price for the following two months in (December, January) had a considerable rise of 126 %. The price per m² has had a considerable rise of 124 % 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 95,4 to R 118,53 during February, and March.
When referring to the price in Bellville (cities & towns), this has fallen considerably in the last 6 months. The average price for October is R 36 194. During November the price had a considerable fall till R 24 816. During the following two months (December, January) the average price had a considerable fall of 62 % 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 24 712,75 to R 17 003, which means a 69 % fall.
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 15 042 they are 55 % more affordable than the average price for Bellville . The properties with the highest average price have 4 bedrooms, Their price is 37 % more expensive than the average. After that we have properties with 3 bedrooms priced at R 18 450.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 90 / m², with an average R 125,06 / m² price in Bellville. The properties with the most expensive average prices have 1 bedroom. They are 18 % more expensive than the average followed by properties with 3 bedrooms with a price at R 124,18 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of R 15 042 it is 36 % more affordable than the average price in Bellville. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Commercial". At a price of R 23 674 it is 321 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of R 68 / m² followed by "Townhouse" priced at R 99 / m². "Apartment" is the most expensive type of property with a R 154 / m² value followed by "Commercial" with an average price of R 122 / m².