The rent prices in real estate in Garden Route, in the Western Cape region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per m² in Garden Route has risen during the last 6 months. In October, the average price per m² was R 73,79. In the following month the price per m² fell to R 70,01. In the following two months the price per m² has practically remained the same, going from R 71,9 to R 73,99 per m². The price per m² has had a considerable rise of 133 % 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 72,94 to R 97,19 during February, and March.
When referring to the price in Garden Route (cities & towns), this has risen in the last 6 months. The average price for October is R 10 112. During November the price had a slight fall till R 9 577. In the following two months the average price has hardly changed with regard to the previous two months from R 9 844,5 to R 9 437. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 128 % during the last two months.
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 13 050 they are 37 % more affordable than the average price for Garden Route . The properties with the highest average price have 4 bedrooms, Their price is 50 % more expensive than the average. After that we have properties with 3 bedrooms priced at R 15 641.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 77,42 / m², with an average R 100,15 / m² price in Garden Route. The properties with the most expensive average prices have 1 bedroom. They are 62 % more expensive than the average followed by properties with 2 bedrooms with a price at R 110,18 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of R 13 050 it is 25 % more affordable than the average price in Garden Route. "Flat" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Townhouse". At a price of R 12 059 it is 29 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of R 86,92 / m² followed by "Townhouse" priced at R 90,45 / m². "Flat" is the most expensive type of property with a R 140,44 / m² value followed by "Apartment" with an average price of R 114,51 / m².