The rent prices in real estate in Ebony Park, in the Gauteng 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 Ebony Park has had a strong fall during the last 6 months. In November, the average price per m² was R 99,58. In the following month the price per m² rose to R 105,7. In the following two months the price per m² has practically remained the same, going from R 102,64 to R 100,07 per m². The price per m² has had a considerable fall of 55 % 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 101,36 to R 55,62 during March, and April.
When referring to the price in Ebony Park (cities & towns), this has fallen considerably in the last 6 months. The average price for November is R 3 850. During December the price had a considerable fall till R 2 878. During the following two months (January, February) the average price fell 86 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from R 3 123 to R 1 531,5, which means a 49 % fall.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 4 % more expensive than the average price of R 3 200 in Ebony Park. Based on the bedrooms values, properties with the most expensive rent prices are those with 2 bedrooms. They are 64 % more expensive than the average aforementioned.
With regard to the average prices per m² those properties with 2 bedrooms are 21 % more affordable than the average price of (R 88 / m²) in Ebony Park. Properties with the most expensive price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 9 % more expensive than the average value aforementioned.