The rent prices in real estate in Ga-rankuwa, 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 Ga-rankuwa has had a strong fall during the last 6 months. In November, the average price per m² was R 42,06. In the following month the price per m² fell considerably to R 30,83. The price for the following two months in (January, February) had a considerable fall of 77 with regard to the previous two months. The price per m² has had a considerable fall of 70 % 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 32,17 to R 22,64 during March, and April.
When referring to the price in Ga-rankuwa (cities & towns), this has risen in the last 6 months. The average price for November is R 2 650. During December the price had a considerable fall till R 2 150. During the following two months (January, February) the average price had a considerable rise of 142 % with regard to the previous two months. 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 2 899,25 and R 2 833 between March and April.