The rent prices in real estate in Hilton, in the Kwazulu-natal region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per m² in Hilton has fallen during the last 6 months. In October, the average price per m² was R 138,23. In November this price barely changed remaining at R 138,69 per m². In the following two months the price per m² has practically remained the same, going from R 138,46 to R 133,23 per m². The price per m² has fallen 88 % 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 135,85 to R 119,29 during February, and March.
When referring to the price in Hilton (cities & towns), this has risen in the last 6 months. The average price for October is R 14 548. During November the price had a considerable fall till R 10 368. During the following two months (December, January) the average price had a considerable rise of 137 % 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 increased 115 % during the last two months.
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 13 031 they are 45 % more affordable than the average price for Hilton . The properties with the lowest average price have 2 bedrooms, Their price is 13 % more affordable than the average. After that we have properties with 3 bedrooms priced at R 9 198.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of R 77 / m², with an average R 115 / m² price in Hilton. The properties with the most expensive average prices have 1 bedroom. They are 26 % more expensive than the average followed by properties with 2 bedrooms with a price at R 85 / m².
The graph displaying the average rent prices displays the property type "Farm" as the most affordable one. At an cost of R 13 031 it is 32 % more affordable than the average price in Hilton. "Commercial" is seen as the second most affordable property type. The most affordable property is "House" followed by "Townhouse". At a price of R 9 098 it is 29 % more affordable than the average price.
According to the average cost per m², the most affordable property is "Farm" at an average price of R 37 / m² followed by "Commercial" priced at R 47 / m². "House" is the most affordable type of property with a R 77 / m² value followed by "Townhouse" with an average price of R 67 / m².