The rent prices in real estate in Kimberley, in the Northern Cape region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per m² in Kimberley has risen during the last 6 months. In October, the average price per m² was R 53,68. In the following month the price per m² rose considerably to R 81,08. The price for the following two months in (December, January) had a considerable fall of 64 with regard to the previous two months. The price per m² has risen 113 % 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 55,23 to R 62,56 during February, and March.
When referring to the price in Kimberley (cities & towns), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is R 8 239. In November This price remains at R 8 567. During the following two months (December, January) the average price had a considerable fall of 78 % 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 had a strong increase of 128 % 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 8 083 they are 42 % more affordable than the average price for Kimberley . The properties with the highest average price have 3 bedrooms, Their price is 110 % more expensive than the average. After that we have properties with 4 bedrooms priced at R 15 397.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of R 16 / m², with an average R 75 / m² price in Kimberley. The properties with the most affordable average prices have 1 bedroom. They are 17 % more affordable than the average followed by properties with 2 bedrooms with a price at R 42 / m².
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of R 8 083 it is 25 % more affordable than the average price in Kimberley. "Farm" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Flat". At a price of R 10 083 it is 28 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Farm" at an average price of R 1 / m² followed by "House" priced at R 32 / m². "Townhouse" is the most affordable type of property with a R 65 / m² value followed by "Flat" with an average price of R 52 / m².