The rent prices in real estate in Brackenfell, 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 Brackenfell has risen strongly during the last 6 months. In October, the average price per m² was R 80,07. In the following month the price per m² rose to R 87,94. The price for the following two months in (December, January) had a considerable rise of 126 %. The price per m² has had a considerable rise of 119 % 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 94,75 to R 112,8 during February, and March.
When referring to the price in Brackenfell (cities & towns), this has fallen in the last 6 months. The rent price in October is R 40 545, rising in November till R 44 378. In the following two months the average price has hardly changed with regard to the previous two months from R 42 461,5 to R 41 592,5. During the last two months the average price has fallen greatly compared to the previous four going from R 42 027 to R 27 686,5, which means a 66 % fall.
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 32 113 they are 81 % more affordable than the average price for Brackenfell . The properties with the lowest average price have 4 bedrooms, Their price is 55 % more affordable than the average. After that we have properties with 3 bedrooms priced at R 13 672.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 53 / m², with an average R 104,77 / m² price in Brackenfell. The properties with the most expensive average prices have 2 bedrooms. They are 33 % more expensive than the average followed by properties with 1 bedroom with a price at R 136 / m².
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of R 32 113 it is 77 % more affordable than the average price in Brackenfell. "Flat" is seen as the second most affordable property type. The most affordable property is "Commercial" followed by "Townhouse". At a price of R 18 699 it is 23 % more affordable than the average price.
According to the average cost per m², the most affordable property is "Commercial" at an average price of R 51 / m² followed by "Townhouse" priced at R 56 / m². "Flat" is the most expensive type of property with a R 113 / m² value followed by "House" with an average price of R 104 / m².