The rent prices in real estate in Delmas, in the Mpumalanga 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 Delmas has had a strong fall during the last 6 months. In November, the average price per m² was R 3 235,97. In the following month the price per m² fell considerably to R 1 404,38. The price for the following two months in (January, February) had a considerable fall of 2 with regard to the previous two months. The price per m² has had a considerable fall of 6 % 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 1 185,4 to R 73,85 during March, and April.
When referring to the price in Delmas (cities & towns), this has risen considerably in the last 6 months. The average price during our first sample month during November, is R 4 617. During December the price went through a considerable rise reaching R 5 745. In the following two months the average price has hardly changed with regard to the previous two months from R 5 181 to R 5 137,5. Based on an analysis of the first four prices and the last two months the average price has increased 111 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most expensive price has 2 bedrooms. It is 12 % more expensive than the average price of R 5 062 in Delmas. Based on the bedrooms values, properties with the most expensive rent prices are those with 1 bedroom. They are 29 % more expensive than the average aforementioned.
With regard to the average prices per m² those properties with 2 bedrooms are 2461 % more expensive than the average price of (R 1 767 / m²) in Delmas. Properties with the most expensive price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 5074 % more expensive than the average value aforementioned.