The rent prices in real estate in Heidelberg, in the Gauteng 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 Heidelberg has had a strong fall during the last 6 months. In October, the average price per m² was R 60,02. In the following month the price per m² fell considerably to R 30,38. The price for the following two months in (December, January) had a considerable fall of 83 with regard to the previous two months. The price per m² has had a considerable rise of 127 % 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 41,4 to R 52,78 during February, and March.
When referring to the price in Heidelberg (cities & towns), there have hardly been any changes in the last 6 months. The average price during our first sample month during October, is R 10 272. During November the price went through a considerable rise reaching R 13 417. During the following two months (December, January) the average price had a considerable fall of 78 % 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 10 523,25 to R 8 795, which means a 84 % 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 7 157 they are 39 % more affordable than the average price for Heidelberg . The properties with the highest average price have 3 bedrooms, Their price is 37 % more expensive than the average. After that we have properties with 2 bedrooms priced at R 6 442.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of R 29 / m², with an average R 61 / m² price in Heidelberg. The properties with the most expensive average prices have 1 bedroom. They are 3 % more expensive than the average followed by properties with 2 bedrooms with a price at R 61 / m².
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of R 7 157 it is 22 % more affordable than the average price in Heidelberg. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "Flat" followed by "Commercial". At a price of R 6 359 it is 343 % 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 19 / m² followed by "House" priced at R 35 / m². "Flat" is the most expensive type of property with a R 27 706 / m² value followed by "Townhouse" with an average price of R 39 / m².