The rent prices in real estate in Bloemfontein, in the Free State region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per m² in Bloemfontein has risen during the last 6 months. In September, the average price per m² was R 72,98. In the following month the price per m² rose to R 80,31. The price for the following two months in (November, December) had a considerable fall of 83 with regard to the previous two months. The price per m² has had a considerable rise of 137 % 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 70,01 to R 95,57 during January, and February.
When referring to the price in Bloemfontein (cities & towns), this has risen considerably in the last 6 months. The average price for September is R 11 218. During October the price had a slight fall till R 10 120. During the following two months (November, December) the average price had a considerable rise of 118 % 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 182 % 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 21 966 they are 78 % more affordable than the average price for Bloemfontein . The properties with the lowest average price have 4 bedrooms, Their price is 29 % more affordable than the average. After that we have properties with 3 bedrooms priced at R 12 263.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of R 39,68 / m², with an average R 97,08 / m² price in Bloemfontein. The properties with the most expensive average prices have 4 bedrooms. They are 74 % more expensive than the average followed by properties with 1 bedroom with a price at R 116,38 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of R 21 966 it is 75 % more affordable than the average price in Bloemfontein. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "Land". At a price of R 20 070 it is 201 % 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 63 / m² followed by "Townhouse" priced at R 88 / m². "Office" is the most expensive type of property with a R 445 / m² value followed by "Land" with an average price of R 110 / m².