The rent prices in real estate in Bethlehem, in the Free State 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 Bethlehem has had a strong fall during the last 6 months. In November, the average price per m² was R 87. In the following month the price per m² fell considerably to R 50. The price for the following two months in (January, February) had a considerable fall of 58 with regard to the previous two months. The price per m² has had a considerable rise of 122 % 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 54,25 to R 66 during March, and April.
When referring to the price in Bethlehem (cities & towns), this has risen considerably in the last 6 months. The average price during our first sample month during November, is R 12 126. During December the price went through a considerable rise reaching R 15 579. During the following two months (January, February) the average price had a considerable fall of 77 % 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 207 % 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 15 952 they are 78 % more affordable than the average price for Bethlehem . The properties with the lowest average price have 2 bedrooms, Their price is 61 % more affordable than the average. After that we have properties with 1 bedroom priced at R 3 578.
With regard to the average price per m², those properties with 2 bedrooms are the most affordable ones at a cost of R 51 / m², with an average R 61 / m² price in Bethlehem. The properties with the most expensive average prices have 1 bedroom. They are 61 % more expensive than the average followed by properties with 2 bedrooms with a price at R 51 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of R 15 952 it is 61 % more affordable than the average price in Bethlehem. "Commercial" is seen as the second most affordable property type. The most affordable property is "House" followed by "Commercial". At a price of R 6 200 it is 61 % more affordable than the average price.
According to the average cost per m², the most affordable property is "Apartment" at an average price of R 41 / m² followed by "Commercial" priced at R 46 / m². "House" is the most affordable type of property with a R 51 / m² value followed by "Commercial" with an average price of R 46 / m².