The rent prices in real estate in Dundee, in the Kwazulu-natal 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 Dundee has had a strong fall during the last 6 months. In October, the average price per m² was R 4 320. In November this price barely changed remaining at R 4 320 per m². The price for the following two months in (December, January) had a considerable fall of 9 with regard to the previous two months. The price per m² has had a considerable fall of 77 % 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 2 351 to R 1 804,5 during February, and March.
When referring to the price in Dundee (cities & towns), this has fallen in the last 6 months. In our first sample month during October, the average price is R 6 479. In November This price remains at R 6 479. In the following two months the average price has hardly changed with regard to the previous two months from R 6 479 to R 6 637,5. During the last two months the average price has fallen greatly compared to the previous four going from R 6 558,25 to R 5 024, which means a 77 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most expensive ones. At a price of R 3 019 they are 64 % more expensive than the average price for Dundee. Following this ranking we find those properties with 1 at an average price of R 6 878. The properties with the highest average price have 1 bedroom, Their price is 128 % more expensive than the average. After that we have properties with 2 bedrooms priced at R 4 940.
With regard to the average price per m², those properties with 2 bedrooms are the most affordable ones at a cost of R 6 / m², with an average R 72 / m² price in Dundee. The properties with the most expensive average prices have 1 bedroom. They are 4696 % more expensive than the average followed by properties with 2 bedrooms with a price at R 6 / m².
The graph displaying the average rent prices displays the property type "" as the most expensive one. At an cost of R 3 019 it is 60 % more expensive than the average price in Dundee. "House" is seen as the second most expensive property type. The most expensive property type is "House" followed by "". At a price of R 4 841 it is 64 % more expensive than the average price.
According to the average area price by m² the most affordable property type is "House with an average cost of R 6 / m². "House" with an average price of R 6 / m² has the most affordable price and would be directed at less affluent cities.