The rent prices in real estate in Grabouw, in the Western Cape 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 Grabouw has risen strongly during the last 6 months. In November, the average price per m² was R 6 215. In the following month the price per m² rose considerably to R 10 367. The price for the following two months in (January, February) fell 92 % with regard to the previous two months. The price per m² has had a considerable rise of 192 % 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 7 964,17 to R 15 324 during March, and April.
When referring to the price in Grabouw (cities & towns), this has risen considerably in the last 6 months. The average price during our first sample month during November, is R 7 778. During December the price went through a considerable rise reaching R 10 367. During the following two months (January, February) the average price had a considerable rise of 165 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 133 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 36 % more affordable than the average price of R 10 158 in Grabouw. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 36 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 34 % more affordable than the average price of (R 10 158 / m²) in Grabouw. Properties with the most affordable price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 34 % more affordable than the average value aforementioned.