The rent prices in real estate in Kingsburgh, in the Kwazulu-natal region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per m² in Kingsburgh has risen strongly during the last 6 months. In October, the average price per m² was R 13,48. In the following month the price per m² rose considerably to R 20,56. The price for the following two months in (December, January) had a considerable rise of 233 %. The price per m² has had a considerable rise of 350 % 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 28,31 to R 99,04 during February, and March.
When referring to the price in Kingsburgh (cities & towns), there have hardly been any changes in the last 6 months. The rent price in October is R 9 713, rising in November till R 10 397. In the following two months the average price has hardly changed with regard to the previous two months from R 10 055 to R 10 397. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 89 %, going from R 10 226 to R 9 101 in February and March.
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 8 186 they are 34 % more affordable than the average price for Kingsburgh . The properties with the highest average price have 4 bedrooms, Their price is 64 % more expensive than the average. After that we have properties with 3 bedrooms priced at R 12 224.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of R 6 / m², with an average R 87,03 / m² price in Kingsburgh. The properties with the most affordable average prices have 1 bedroom. They are 62 % more affordable than the average followed by properties with 2 bedrooms with a price at R 20 / m².
The graph displaying the average rent prices displays the property type "Commercial" as the most affordable one. At an cost of R 8 186 it is 21 % more affordable than the average price in Kingsburgh. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "Flat" followed by "House". At a price of R 11 640 it is 62 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Flat" at an average price of R 47 / m² followed by "House" priced at R 55 / m². "Townhouse" is the most expensive type of property with a R 9 852 / m² value followed by "Commercial" with an average price of R 6 492 / m².