The rent prices in real estate in Ficksburg, in the Free State region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per m² in Ficksburg has risen strongly during the last 6 months. In November, the average price per m² was R 11. In the following month the price per m² rose considerably to R 3 155. The price for the following two months in (January, February) had a considerable fall of 0 with regard to the previous two months. The price per m² has had a considerable rise of 289 % 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 791,5 to R 2 286,5 during March, and April.
When referring to the price in Ficksburg (cities & towns), this has risen considerably in the last 6 months. The average price during our first sample month during November, is R 14 775. During December the price went through a considerable rise reaching R 134 095. During the following two months (January, February) the average price had a considerable fall of 7 % 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 39 777,5 to R 8 326,5, which means a 21 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of R 12 135 they are 64 % more affordable than the average price for Ficksburg . The properties with the lowest average price have 1 bedroom, Their price is 64 % more affordable than the average. After that we have properties with 2 bedrooms priced at R 4 378.
With regard to the average price per m², those properties with 2 bedrooms are the most expensive ones at a cost of R 4 378 / m², with an average R 55 / m² price in Ficksburg. The properties with the most expensive average prices have 1 bedroom. They are 7905 % more expensive than the average followed by properties with 2 bedrooms with a price at R 4 378 / m².
The graph displaying the average rent prices displays the property type "Commercial" as the most affordable one. At an cost of R 12 135 it is 64 % more affordable than the average price in Ficksburg. "Flat" is seen as the second most affordable property type. The most affordable property is "House" followed by "Flat". At a price of R 4 353 it is 64 % more affordable than the average price.
According to the average cost per m², the least affordable property would be "Commercial" at an average price of R 4 323 / m² followed by "Flat" priced at R 4 353 / m². "House" is the most expensive type of property with a R 4 378 / m² value followed by "Flat" with an average price of R 4 353 / m².