The rent prices in real estate in Centurion, in the Gauteng 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 Centurion has had a strong fall during the last 6 months. In January, the average price per m² was R 766,22. In the following month the price per m² rose considerably to R 975,73. The price for the following two months in (March, April) had a considerable fall of 26 with regard to the previous two months. The price per m² has had a considerable fall of 33 % 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 547,3 to R 181,67 during May, and June.
When referring to the price in Centurion (cities & towns), this has fallen in the last 6 months. The average price during our first sample month during January, is R 23 166. During February the price went through a considerable rise reaching R 32 393. During the following two months (March, April) the average price had a considerable fall of 73 % 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 23 962,5 to R 17 514,5, which means a 73 % fall.
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 17 202 they are 55 % more affordable than the average price for Centurion . The properties with the highest average price have 1 bedroom, Their price is 134 % more expensive than the average. After that we have properties with 4 bedrooms priced at R 26 072.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 75,92 / m², with an average R 108,08 / m² price in Centurion. The properties with the most expensive average prices have 1 bedroom. They are 32559 % more expensive than the average followed by properties with 2 bedrooms with a price at R 105,13 / m².
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of R 17 202 it is 55 % more affordable than the average price in Centurion. "Commercial" is seen as the second most affordable property type. The most expensive property type is "Flat" followed by "Land". At a price of R 59 848 it is 310 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Apartment" at an average price of R 93,56 / m² followed by "Land" priced at R 104,12 / m². "Flat" is the most expensive type of property with a R 61 029,37 / m² value followed by "Commercial" with an average price of R 6 818,66 / m².