The rent prices in real estate in Hillcrest, in the Kwazulu-natal region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per m² in Hillcrest has barely changed in the last 6 months. In October, the average price per m² was R 102,66. In November this price barely changed remaining at R 98,33 per m². In the following two months the price per m² has practically remained the same, going from R 100,5 to R 104,32 per m². 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 102,4 to R 103,87 during February y March
When referring to the price in Hillcrest (cities & towns), this has risen in the last 6 months. In our first sample month during October, the average price is R 13 807. In November This price remains at R 14 252. During the following two months (December, January) the average price had a considerable rise of 122 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 93 %, going from R 15 578,75 to R 14 469,5 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 14 405 they are 51 % more affordable than the average price for Hillcrest . The properties with the highest average price have 4 bedrooms, Their price is 132 % more expensive than the average. After that we have properties with 3 bedrooms priced at R 17 667.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 42 / m², with an average R 95,42 / m² price in Hillcrest. The properties with the most expensive average prices have 1 bedroom. They are 41 % more expensive than the average followed by properties with 2 bedrooms with a price at R 85,49 / m².
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of R 14 405 it is 26 % more affordable than the average price in Hillcrest. "Office" is seen as the second most affordable property type. The most expensive property type is "Apartment" followed by "House". At a price of R 18 120 it is 408 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Apartment" at an average price of R 59 / m² followed by "Commercial" priced at R 62 / m². "House" is the most expensive type of property with a R 1 014 / m² value followed by "Office" with an average price of R 167 / m².