The rent prices in real estate in Blue Downs, 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 Blue Downs has had a strong fall during the last 6 months. In November, the average price per m² was R 4 023. In the following month the price per m² fell to R 3 546. The price for the following two months in (January, February) had a considerable fall of 3 with regard to the previous two months. The price per m² has had a considerable fall of 4 % 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 1 951,75 to R 73,5 during March, and April.
When referring to the price in Blue Downs (cities & towns), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is R 6 750. In December This price remains at R 6 792. During the following two months (January, February) the average price had a considerable fall of 82 % 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 6 159,25 to R 2 647, which means a 43 % fall.