Property prices for rent in Betty's Bay (Western Cape)
The rent prices in real estate in Betty's Bay, in the Western Cape 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 Betty's Bay has had a strong fall during the last 6 months. In November, the average price per m² was R 142. In the following month the price per m² fell considerably to R 65. The price for the following two months in (January, February) had a considerable rise of 135 %. The price per m² has fallen 90 % 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 121,75 to R 109 during March, and April.
When referring to the price in Betty's Bay (cities & towns), this has risen considerably in the last 6 months. The average price during our first sample month during November, is R 7 243. During December the price went through a considerable rise reaching R 16 841. In the following two months the average price has hardly changed with regard to the previous two months from R 12 042 to R 11 489. During the last two months the average price has fallen greatly compared to the previous four going from R 11 765,5 to R 9 295, which means a 79 % fall.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 18 % more expensive than the average price of R 8 799 in Betty's Bay. Based on the bedrooms values, properties with the most expensive rent prices are those with 1 bedroom. They are 18 % more expensive than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 83 % more affordable than the average price of (R 24 / m²) in Betty's Bay. Properties with the most affordable price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 83 % more affordable than the average value aforementioned.
The graph displaying the average rent prices displays the property type "" as the most expensive one. At an cost of R 7 435 it is 15 % more expensive than the average price in Betty's Bay. "Land" is seen as the second most expensive property type. The most expensive property type is "House" followed by "Land". At a price of R 8 754 it is 18938 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Land" at an average price of R 19 / m² followed by "House" priced at R 631 / m². "House" is the most expensive type of property with a R 631 / m² value followed by "Land" with an average price of R 19 / m².
