The rent prices in real estate in Fourways, in the Gauteng region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per m² in Fourways has fallen during the last 6 months. In October, the average price per m² was R 140,41. In the following month the price per m² fell to R 123,49. In the following two months the price per m² has practically remained the same, going from R 131,95 to R 125,98 per m². 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 128,96 to R 126,25 during February y March
When referring to the price in Fourways (cities & towns), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is R 17 780. In November This price remains at R 17 687. In the following two months the average price has hardly changed with regard to the previous two months from R 17 733,5 to R 17 535. 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 17 634,25 and R 17 637,5 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 17 658 they are 60 % more affordable than the average price for Fourways . The properties with the highest average price have 4 bedrooms, Their price is 93 % more expensive than the average. After that we have properties with 3 bedrooms priced at R 18 207.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 77 / m², with an average R 125,5 / m² price in Fourways. The properties with the most affordable average prices have 1 bedroom. They are 3 % more affordable than the average followed by properties with 2 bedrooms with a price at R 99 / m².
The graph displaying the average rent prices displays the property type "Flat" as the most affordable one. At an cost of R 17 658 it is 54 % more affordable than the average price in Fourways. "House" is seen as the second most affordable property type. The most expensive property type is "Commercial" followed by "Apartment". At a price of R 32 930 it is 168 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Commercial Property" at an average price of R 37 / m² followed by "Apartment" priced at R 76 / m². "Commercial" is the most expensive type of property with a R 47 371 / m² value followed by "House" with an average price of R 104 / m².