The rent prices in real estate in Centurion, 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 Centurion has fallen during the last 6 months. In March, the average price per m² was R 102,91. In the following month the price per m² fell to R 97,13. The price for the following two months in (May, June) fell 90 % with regard to the previous two months. The price per m² has hardly changed in the last two months compared to the average price of the previous four months going from an average price of R 95,25 to R 95,81 during July y August
When referring to the price in Centurion (cities & towns), there have hardly been any changes in the last 6 months. In our first sample month during March, the average price is R 21 549. In April This price remains at R 22 512. During the following two months (May, June) the price has had an average rise from R 22 030,5 to R 24 183,5. During the last two months the average price has fallen greatly compared to the previous four going from R 23 107 to R 18 935,5, which means a 82 % 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 19 067 they are 70 % more affordable than the average price for Centurion . The properties with the highest average price have 4 bedrooms, Their price is 28 % more expensive than the average. After that we have properties with 3 bedrooms priced at R 15 073.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 68,5 / m², with an average R 92,75 / m² price in Centurion. The properties with the most expensive average prices have 1 bedroom. They are 26 % more expensive than the average followed by properties with 2 bedrooms with a price at R 93,49 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of R 19 067 it is 64 % more affordable than the average price in Centurion. "Commercial" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "House". At a price of R 17 441 it is 172 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Flat" at an average price of R 75 / m² followed by "House" priced at R 77,07 / m². "Apartment" is the most expensive type of property with a R 101,19 / m² value followed by "Townhouse" with an average price of R 101,18 / m².