The rent prices in real estate in Boksburg, in the Gauteng region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per m² in Boksburg has fallen during the last 6 months. In September, the average price per m² was R 73,35. In the following month the price per m² fell to R 66,09. The price for the following two months in (November, December) fell 86 % with regard to the previous two months. The price per m² has hardly changed in the last two months compared to the average price of the previous four months going from an average price of R 65 to R 64,47 during January y February
When referring to the price in Boksburg (cities & towns), this has risen considerably in the last 6 months. The average price during our first sample month during September, is R 18 650. During October the price went through a considerable rise reaching R 25 264. During the following two months (November, December) the price has had an average rise from R 21 957 to R 24 379,5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 90 %, going from R 23 168,25 to R 20 906,5 in January and February.
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 17 440 they are 73 % more affordable than the average price for Boksburg . The properties with the highest average price have 4 bedrooms, Their price is 8 % more expensive than the average. After that we have properties with 3 bedrooms priced at R 11 340.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 52,84 / m², with an average R 62,89 / m² price in Boksburg. The properties with the most expensive average prices have 1 bedroom. They are 83 % more expensive than the average followed by properties with 2 bedrooms with a price at R 87,52 / m².
The graph displaying the average rent prices displays the property type "Commercial" as the most affordable one. At an cost of R 17 440 it is 70 % more affordable than the average price in Boksburg. "House" is seen as the second most affordable property type. The most expensive property type is "Flat" followed by "Commercial Property". At a price of R 25 756 it is 49 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Commercial Property" at an average price of R 40 / m² followed by "Flat" priced at R 50 / m². "House" is the most expensive type of property with a R 93,9 / m² value followed by "Apartment" with an average price of R 84 / m².