The rent prices in real estate in Germiston, in the Gauteng 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 Germiston has risen strongly during the last 6 months. In October, the average price per m² was R 78,15. In November this price barely changed remaining at R 81,91 per m². The price for the following two months in (December, January) had a considerable rise of 129 %. 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 91,81 to R 92,98 during February y March
When referring to the price in Germiston (cities & towns), this has fallen considerably in the last 6 months. The average price for October is R 24 050. During November the price had a considerable fall till R 19 396. During the following two months (December, January) the average price had a considerable fall of 67 % 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 18 163,75 to R 13 618,5, which means a 75 % fall.
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 13 002 they are 51 % more affordable than the average price for Germiston . The properties with the highest average price have 4 bedrooms, Their price is 87 % more expensive than the average. After that we have properties with 3 bedrooms priced at R 18 205.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 53,47 / m², with an average R 89,85 / m² price in Germiston. The properties with the most expensive average prices have 1 bedroom. They are 30 % more expensive than the average followed by properties with 2 bedrooms with a price at R 96,94 / m².
The graph displaying the average rent prices displays the property type "Flat" as the most affordable one. At an cost of R 13 002 it is 52 % more affordable than the average price in Germiston. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Office". At a price of R 50 514 it is 544 % 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 54,59 / m² followed by "Flat" priced at R 90 / m². "Apartment" is the most expensive type of property with a R 124,59 / m² value followed by "Townhouse" with an average price of R 124,15 / m².