The rent prices in real estate in Fish Hoek, 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 Fish Hoek has had a strong fall during the last 6 months. In November, the average price per m² was R 9 420. In the following month the price per m² fell considerably to R 156. The price for the following two months in (January, February) had a considerable fall of 4 with regard to the previous two months. The price per m² has had a considerable fall of 5 % 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 2 479 to R 130,5 during March, and April.
When referring to the price in Fish Hoek (cities & towns), this has fallen in the last 6 months. The average price for November is R 12 104. During December the price had a considerable fall till R 7 248. During the following two months (January, February) the average price had a considerable rise of 153 % 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 12 245,25 to R 8 661,5, which means a 71 % 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 7 991 they are 20 % more expensive than the average price for Fish Hoek. Following this ranking we find those properties with 1 at an average price of R 10 063. The properties with the highest average price have 4 bedrooms, Their price is 122 % more expensive than the average. After that we have properties with 3 bedrooms priced at R 15 819.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of R 62 / m², with an average R 131 / m² price in Fish Hoek. The properties with the most expensive average prices have 4 bedrooms. They are 9816 % more expensive than the average followed by properties with 1 bedroom with a price at R 9 424 / m².
The graph displaying the average rent prices displays the property type "Townhouse" as the most expensive one. At an cost of R 7 991 it is 32 % more expensive than the average price in Fish Hoek. "" is seen as the second most expensive property type. The most expensive property type is "House" followed by "Land". At a price of R 17 470 it is 122 % more expensive than the average price.
According to the average cost per m², the least affordable property would be "Townhouse" at an average price of R 9 327 / m² followed by "Commercial Property" priced at R 12 704 / m². "House" is the most expensive type of property with a R 12 990 / m² value followed by "Land" with an average price of R 12 769 / m².