The rent prices in real estate in Camperdown, in the Kwazulu-natal region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per m² in Camperdown has had a strong fall during the last 6 months. In October, the average price per m² was R 57 411. In the following month the price per m² fell considerably to R 217,69. The price for the following two months in (December, January) had a considerable fall of 1 with regard to the previous two months. The price per m² has had a considerable fall of 1 % 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 14 505,98 to R 180,35 during February, and March.
When referring to the price in Camperdown (cities & towns), this has risen in the last 6 months. The average price during our first sample month during October, is R 57 411. During November the price went through a considerable rise reaching R 71 000. During the following two months (December, January) the average price had a considerable fall of 84 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has increased 109 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of R 70 663 they are 66 % more affordable than the average price for Camperdown . The properties with the lowest average price have 1 bedroom, Their price is 14 % more affordable than the average. After that we have properties with 2 bedrooms priced at R 23 789.
With regard to the average price per m², those properties with 2 bedrooms are the most expensive ones at a cost of R 23 789 / m², with an average R 178,7 / m² price in Camperdown. The properties with the most expensive average prices have 1 bedroom. They are 34061 % more expensive than the average followed by properties with 2 bedrooms with a price at R 23 789 / m².
With regard to the average price based on the property in Camperdown we can see that the most affordable type of property is "House" at R 23 789, which is 66 % cheaper than the average price. "House" has the most affordable price. This price is 66 % more affordable than the average price aforementioned.
According to the average area price by m² the most expensive property type is "House with an average cost of R 23 789 / m². "House" at an average price of R 23 789 / m² has the highest price and would be directed at more affluent cities.