Property prices for rent in Johannesburg (Gauteng)
The rent prices in real estate in Johannesburg, in the Gauteng 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 Johannesburg has barely changed in the last 6 months. In October, the average price per m² was R 116,78. In the following month the price per m² rose to R 124,37. In the following two months the price per m² has practically remained the same, going from R 120,57 to R 122,12 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 121,35 to R 118,15 during February y March
When referring to the price in Johannesburg (cities & towns), there have hardly been any changes in the last 6 months. The average price for October is R 12 050. During November the price had a slight fall till R 11 124. In the following two months the average price has hardly changed with regard to the previous two months from R 11 587 to R 11 643,5. Based on an analysis of the first four prices and the last two months the average price has increased 105 % 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 12 677 they are 41 % more affordable than the average price for Johannesburg . The properties with the highest average price have 4 bedrooms, Their price is 160 % more expensive than the average. After that we have properties with 3 bedrooms priced at R 17 210.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 86,98 / m², with an average R 113,66 / m² price in Johannesburg. The properties with the most expensive average prices have 1 bedroom. They are 21 % more expensive than the average followed by properties with 2 bedrooms with a price at R 124,8 / m².
The graph displaying the average rent prices displays the property type "Flat" as the most affordable one. At an cost of R 12 677 it is 35 % more affordable than the average price in Johannesburg. "House" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "Commercial". At a price of R 27 019 it is 113 % 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 57,3 / m² followed by "Apartment" priced at R 92,5 / m². "House" is the most expensive type of property with a R 126,48 / m² value followed by "Flat" with an average price of R 118,13 / m².
