The rent prices in real estate in Kathu, in the Northern 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 Kathu has had a strong fall during the last 6 months. In October, the average price per m² was R 140,68. In the following month the price per m² fell to R 121,55. The price for the following two months in (December, January) had a considerable fall of 85 with regard to the previous two months. 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 121,09 to R 115,72 during February y March
When referring to the price in Kathu (cities & towns), this has risen in the last 6 months. The rent price in October is R 14 227, rising in November till R 15 060. During the following two months (December, January) the price has had an average rise from R 14 643,5 to R 15 588. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 116 % 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 16 958 they are 55 % more affordable than the average price for Kathu . The properties with the highest average price have 4 bedrooms, Their price is 127 % more expensive than the average. After that we have properties with 3 bedrooms priced at R 15 956.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 76 / m², with an average R 122,66 / m² price in Kathu. The properties with the most expensive average prices have 2 bedrooms. They are 12 % more expensive than the average followed by properties with 1 bedroom with a price at R 111,11 / m².
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of R 16 958 it is 65 % more affordable than the average price in Kathu. "Commercial Property" is seen as the second most affordable property type. The most affordable property is "Apartment" followed by "House". At a price of R 16 128 it is 5 % more affordable than the average price.
According to the average cost per m², the most affordable property is "Commercial Property" at an average price of R 55 / m² followed by "Apartment" priced at R 58 / m². "House" is the most affordable type of property with a R 119 / m² value followed by "Apartment" with an average price of R 58 / m².