The rent prices in real estate in Hartbeespoort Dam Nature Reserve, in the North West 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 Hartbeespoort Dam Nature Reserve has had a strong fall during the last 6 months. In October, the average price per m² was R 77,41. In November this price barely changed remaining at R 77,75 per m². The price for the following two months in (December, January) had a considerable fall of 79 with regard to the previous two months. The price per m² has fallen 86 % 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 69,4 to R 59,84 during February, and March.
When referring to the price in Hartbeespoort Dam Nature Reserve (cities & towns), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is R 20 213. In November This price remains at R 19 669. In the following two months the average price has hardly changed with regard to the previous two months from R 19 941 to R 20 270,5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 92 %, going from R 20 105,75 to R 18 524,5 in February and March.
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 18 105 they are 61 % more affordable than the average price for Hartbeespoort Dam Nature Reserve . The properties with the highest average price have 4 bedrooms, Their price is 24 % more expensive than the average. After that we have properties with 3 bedrooms priced at R 18 147.
With regard to the average price per m², those properties with 1 bedroom are the most affordable ones at a cost of R 43,76 / m², with an average R 65,88 / m² price in Hartbeespoort Dam Nature Reserve. The properties with the most expensive average prices have 2 bedrooms. They are 51 % more expensive than the average followed by properties with 3 bedrooms with a price at R 69,4 / m².
The graph displaying the average rent prices displays the property type "Commercial" as the most affordable one. At an cost of R 18 105 it is 59 % more affordable than the average price in Hartbeespoort Dam Nature Reserve. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Farm". At a price of R 15 238 it is 21 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Commercial" at an average price of R 10 / m² followed by "House" priced at R 57,54 / m². "Farm" is the most expensive type of property with a R 12 524 / m² value followed by "Apartment" with an average price of R 100,1 / m².