The rent prices in real estate in Gansbaai, 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 Gansbaai has had a strong fall during the last 6 months. In October, the average price per m² was R 9 791. In November this price barely changed remaining at R 9 791 per m². The price for the following two months in (December, January) had a considerable fall of 9 with regard to the previous two months. The price per m² has fallen 92 % 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 5 342,75 to R 4 941,5 during February, and March.
When referring to the price in Gansbaai (cities & towns), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is R 1 152 244. In November This price remains at R 1 152 244. During the following two months (December, January) the average price had a considerable fall of 9 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 93 %, going from R 625 785,5 to R 578 912,5 in February and March.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 20381 % more expensive than the average price of R 1 143 054 in Gansbaai. Based on the bedrooms values, properties with the most expensive rent prices are those with 1 bedroom. They are 20381 % more expensive than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 10455 % more expensive than the average price of (R 9 711 / m²) in Gansbaai. Properties with the most expensive price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 10455 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Commercial" as the most expensive one. At an cost of R 5 581 it is 19795 % more expensive than the average price in Gansbaai. "Land" is seen as the second most expensive property type. The most expensive property type is "House" followed by "Land". At a price of R 1 127 148 it is 20381 % more expensive than the average price.
According to the average cost per m², the least affordable property would be "Commercial" at an average price of R 9 421 / m² followed by "Land" priced at R 9 571 / m². "House" is the most expensive type of property with a R 9 711 / m² value followed by "Land" with an average price of R 9 571 / m².