The rent prices in real estate in City Of Tshwane Metro, in the Gauteng 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 City Of Tshwane Metro has barely changed in the last 6 months. In April, the average price per m² was R 87,44. In May this price barely changed remaining at R 85 per m². The price for the following two months in (June, July) had a considerable rise of 115 %. The price per m² has fallen 92 % 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 92,86 to R 85,5 during August, and September.
When referring to the price in City Of Tshwane Metro (cities & towns), this has fallen considerably in the last 6 months. The average price for April is R 25 962. During May the price had a considerable fall till R 11 172. During the following two months (June, July) the average price had a considerable fall of 56 % 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 had a strong increase of 187 % during the last two months.
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 25 936 they are 78 % more affordable than the average price for City Of Tshwane Metro . The properties with the lowest average price have 4 bedrooms, Their price is 17 % more affordable than the average. After that we have properties with 3 bedrooms priced at R 14 525.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 67 / m², with an average R 87 / m² price in City Of Tshwane Metro. The properties with the most expensive average prices have 1 bedroom. They are 5 % more expensive than the average followed by properties with 3 bedrooms with a price at R 81 / m².
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of R 25 936 it is 78 % more affordable than the average price in City Of Tshwane Metro. "Townhouse" is seen as the second most affordable property type. The most affordable property is "House" followed by "Flat". At a price of R 10 689 it is 26 % more affordable than the average price.
According to the average cost per m², the most affordable property is "Land" at an average price of R 55 / m² followed by "Townhouse" priced at R 65 / m². "Apartment" is the most affordable type of property with a R 87 / m² value followed by "Flat" with an average price of R 76 / m².