The rent prices in real estate in Knysna, in the Western Cape 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 Knysna has risen strongly during the last 6 months. In October, the average price per m² was R 99,46. In the following month the price per m² rose considerably to R 263,56. The price for the following two months in (December, January) had a considerable rise of 239 %. The price per m² has fallen 87 % 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 307,24 to R 267,49 during February, and March.
When referring to the price in Knysna (cities & towns), this has risen considerably in the last 6 months. The average price during our first sample month during October, is R 13 500. During November the price went through a considerable rise reaching R 23 737. During the following two months (December, January) the average price had a considerable rise of 188 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 90 %, going from R 26 811,5 to R 24 083,5 in February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of R 19 000 they are 62 % more affordable than the average price for Knysna . The properties with the lowest average price have 4 bedrooms, Their price is 6 % more affordable than the average. After that we have properties with 1 bedroom priced at R 16 637.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 27 / m², with an average R 191,03 / m² price in Knysna. The properties with the most expensive average prices have 1 bedroom. They are 8609 % more expensive than the average followed by properties with 2 bedrooms with a price at R 89 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of R 19 000 it is 68 % more affordable than the average price in Knysna. "House" is seen as the second most affordable property type. The most expensive property type is "Flat" followed by "Townhouse". At a price of R 109 383 it is 2213 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Apartment" at an average price of R 85 / m² followed by "Commercial" priced at R 1 320 / m². "House" is the most expensive type of property with a R 4 865 / m² value followed by "Flat" with an average price of R 2 957 / m².