The rent prices in real estate in Durban, in the Kwazulu-natal region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per m² in Durban has risen during the last 6 months. In October, the average price per m² was R 111,72. In November this price barely changed remaining at R 115,04 per m². In the following two months the price per m² has risen 115 %, going from R 113,38 to R 129,87 per m². The price per m² has fallen 94 % 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 121,62 to R 114,53 during February, and March.
When referring to the price in Durban (cities & towns), there have hardly been any changes in the last 6 months. The average price for October is R 12 600. During November the price had a slight fall till R 11 201. During the following two months (December, January) the price has had an average rise from R 11 900,5 to R 12 977. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 92 %, going from R 12 438,75 to R 11 481,5 in February and March.
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 11 301 they are 35 % more affordable than the average price for Durban . The properties with the highest average price have 4 bedrooms, Their price is 127 % more expensive than the average. After that we have properties with 3 bedrooms priced at R 14 264.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 89,24 / m², with an average R 112,47 / m² price in Durban. The properties with the most expensive average prices have 1 bedroom. They are 27 % more expensive than the average followed by properties with 2 bedrooms with a price at R 119,41 / m².
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of R 11 301 it is 9 % more affordable than the average price in Durban. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Flat" followed by "Office". At a price of R 21 789 it is 120 % 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 83,93 / m² followed by "Flat" priced at R 108,22 / m². "Office" is the most expensive type of property with a R 128 / m² value followed by "House" with an average price of R 123,1 / m².