The rent prices in real estate in Fish Hoek, in the Western Cape 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 Fish Hoek has risen strongly during the last 6 months. In October, the average price per m² was R 132. In the following month the price per m² rose considerably to R 9 420. The price for the following two months in (December, January) had a considerable fall of 4 with regard to the previous two months. The price per m² has had a considerable fall of 6 % 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 2 472 to R 145 during February, and March.
When referring to the price in Fish Hoek (cities & towns), this has risen considerably in the last 6 months. The average price during our first sample month during October, is R 7 999. During November the price went through a considerable rise reaching R 12 104. During the following two months (December, January) the average price had a considerable rise of 136 % 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 11 871 to R 9 414, which means a 79 % 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 9 332 they are 3 % more expensive than the average price for Fish Hoek. Following this ranking we find those properties with 1 at an average price of R 10 074. The properties with the highest average price have 4 bedrooms, Their price is 91 % more expensive than the average. After that we have properties with 3 bedrooms priced at R 15 835.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of R 63 / m², with an average R 130 / m² price in Fish Hoek. The properties with the most expensive average prices have 4 bedrooms. They are 9903 % more expensive than the average followed by properties with 1 bedroom with a price at R 9 434 / m².
The graph displaying the average rent prices displays the property type "Townhouse" as the most expensive one. At an cost of R 9 332 it is 13 % 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 17 488 it is 91 % 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 9 337 / m² followed by "Commercial Property" priced at R 12 717 / m². "House" is the most expensive type of property with a R 13 004 / m² value followed by "Land" with an average price of R 12 782 / m².