The rent prices in real estate in Blue Downs, 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 Blue Downs has risen strongly during the last 6 months. In October, the average price per m² was R 121,89. In the following month the price per m² rose considerably to R 4 023. The price for the following two months in (December, January) fell 88 % with regard to the previous two months. The price per m² has had a considerable fall of 7 % 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 1 951,22 to R 135,5 during February, and March.
When referring to the price in Blue Downs (cities & towns), this has fallen in the last 6 months. In our first sample month during October, the average price is R 6 917. In November This price remains at R 6 750. In the following two months the average price has hardly changed with regard to the previous two months from R 6 833,5 to R 6 502. During the last two months the average price has fallen greatly compared to the previous four going from R 6 667,75 to R 5 088,5, which means a 76 % fall.
The graph showing the average price for bedrooms displays the property with the most expensive price has 2 bedrooms. It is 18 % more expensive than the average price of R 6 221 in Blue Downs. Based on the bedrooms values, properties with the most expensive rent prices are those with 1 bedroom. They are 30 % more expensive than the average aforementioned.
With regard to the average prices per m² those properties with 2 bedrooms are 30 % more affordable than the average price of (R 103 / m²) in Blue Downs. Properties with the most expensive price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 4586 % more expensive than the average value aforementioned.
According to average price per property type in Blue Downs, "" priced at R 26 881 is 408 % more expensive than the average price (R 5 294) in this city.