The rent prices in real estate in Cape St Francis, in the Eastern Cape 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 Cape St Francis has had a strong fall during the last 6 months. In November, the average price per m² was R 24. In the following month the price per m² fell considerably to R 14. The price for the following two months in (January, February) had a considerable fall of 50 with regard to the previous two months. The price per m² has had a considerable fall of 67 % 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 14,25 to R 9,5 during March, and April.
When referring to the price in Cape St Francis (cities & towns), this has fallen in the last 6 months. The average price for November is R 5 319. During December the price had a considerable fall till R 2 961. During the following two months (January, February) the average price had a considerable rise of 119 % 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.