The rent prices in real estate in Brakpan, 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 Brakpan has fallen during the last 6 months. In October, the average price per m² was R 72,46. In November this price barely changed remaining at R 75,56 per m². The price for the following two months in (December, January) fell 91 % with regard to the previous two months. The price per m² has had a considerable fall of 74 % 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 70,75 to R 52,35 during February, and March.
When referring to the price in Brakpan (cities & towns), this has fallen in the last 6 months. The average price for October is R 8 528. During November the price had a slight fall till R 7 828. During the following two months (December, January) the average price had a considerable fall of 84 % with regard to the previous two months. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of R 7 516,5 and R 7 507 between February and March.
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 7 743 they are 54 % more affordable than the average price for Brakpan . The properties with the highest average price have 4 bedrooms, Their price is 118 % more expensive than the average. After that we have properties with 3 bedrooms priced at R 13 210.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 22 / m², with an average R 54,56 / m² price in Brakpan. The properties with the most expensive average prices have 1 bedroom. They are 954 % more expensive than the average followed by properties with 2 bedrooms with a price at R 70,06 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of R 7 743 it is 29 % more affordable than the average price in Brakpan. "Flat" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Commercial". At a price of R 13 812 it is 542 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Land" at an average price of R 19 / m² followed by "Commercial" priced at R 24 / m². "Apartment" is the most expensive type of property with a R 92 / m² value followed by "Flat" with an average price of R 81 / m².