The rent prices in real estate in Durbanville, in the Western Cape 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 Durbanville has had a strong fall during the last 6 months. In October, the average price per m² was R 148,82. In the following month the price per m² fell to R 128,48. The price for the following two months in (December, January) had a considerable fall of 76 with regard to the previous two months. The price per m² has hardly changed in the last two months compared to the average price of the previous four months going from an average price of R 121,75 to R 118,83 during February y March
When referring to the price in Durbanville (cities & towns), this has risen in the last 6 months. The rent price in October is R 17 356, rising in November till R 18 652. During the following two months (December, January) the price has had an average rise from R 18 004 to R 20 583,5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of R 19 293,75 and R 19 818 between 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 19 021 they are 62 % more affordable than the average price for Durbanville . The properties with the lowest average price have 3 bedrooms, Their price is 27 % more affordable than the average. After that we have properties with 4 bedrooms priced at R 12 823.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 61 / m², with an average R 121,78 / m² price in Durbanville. The properties with the most expensive average prices have 1 bedroom. They are 1 % more expensive than the average followed by properties with 2 bedrooms with a price at R 115 / m².
The graph displaying the average rent prices displays the property type "Flat" as the most affordable one. At an cost of R 19 021 it is 68 % more affordable than the average price in Durbanville. "House" is seen as the second most affordable property type. The most affordable property is "Commercial" followed by "Apartment". At a price of R 15 146 it is 6 % more affordable than the average price.
According to the average cost per m², the most affordable property is "Flat" at an average price of R 20 / m² followed by "Commercial" priced at R 66 / m². "House" is the most expensive type of property with a R 131 / m² value followed by "Townhouse" with an average price of R 104 / m².