The rent prices in real estate in Hopefield, in the Western Cape 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 Hopefield has had a strong fall during the last 6 months. In October, the average price per m² was R 11 607. In November this price barely changed remaining at R 11 607 per m². The price for the following two months in (December, January) had a considerable fall of 80 with regard to the previous two months. The price per m² has had a considerable fall of 76 % 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 10 449 to R 7 977,5 during February, and March.
When referring to the price in Hopefield (cities & towns), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is R 16 582. In November This price remains at R 16 582. During the following two months (December, January) the average price had a considerable fall of 76 % 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 14 614,5 to R 11 629,5, which means a 80 % fall.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 15 % more expensive than the average price of R 12 220 in Hopefield. Based on the bedrooms values, properties with the most expensive rent prices are those with 1 bedroom. They are 15 % more expensive than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 83 % more expensive than the average price of (R 12 220 / m²) in Hopefield. Properties with the most expensive price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 83 % more expensive than the average value aforementioned.