The rent prices in real estate in Brits, in the North West region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per m² in Brits has barely changed in the last 6 months. In October, the average price per m² was R 37,65. In the following month the price per m² rose considerably to R 46,22. The price for the following two months in (December, January) had a considerable fall of 69 with regard to the previous two months. 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 35,39 to R 42 during February, and March.
When referring to the price in Brits (cities & towns), this has risen considerably in the last 6 months. The average price during our first sample month during October, is R 8 050. During November the price went through a considerable rise reaching R 9 433. During the following two months (December, January) the average price had a considerable rise of 304 % 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 17 677,75 to R 9 062,5, which means a 51 % 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 9 251 they are 50 % more affordable than the average price for Brits . The properties with the highest average price have 4 bedrooms, Their price is 16 % more expensive than the average. After that we have properties with 3 bedrooms priced at R 7 165.
With regard to the average price per m², those properties with 2 bedrooms are the most affordable ones at a cost of R 24 / m², with an average R 56 / m² price in Brits. The properties with the most expensive average prices have 1 bedroom. They are 2809 % more expensive than the average followed by properties with 3 bedrooms with a price at R 28 / m².
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of R 9 251 it is 44 % more affordable than the average price in Brits. "Apartment" is seen as the second most affordable property type. The most affordable property is "Flat" followed by "House". At a price of R 7 153 it is 3 % more affordable than the average price.
According to the average cost per m², the most affordable property is "Flat" at an average price of R 13 / m² followed by "Farm" priced at R 18 / m². "Apartment" is the most expensive type of property with a R 1 619 / m² value followed by "House" with an average price of R 30 / m².