The rent prices in real estate in Komatipoort, in the Mpumalanga 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 Komatipoort has had a strong fall during the last 6 months. In November, the average price per m² was R 5 484. In December this price barely changed remaining at R 5 484 per m². The price for the following two months in (January, February) had a considerable fall of 62 with regard to the previous two months. The price per m² has had a considerable fall of 77 % 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 4 449 to R 3 414 during March, and April.
When referring to the price in Komatipoort (cities & towns), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is R 50 092. In December This price remains at R 50 092. During the following two months (January, February) the average price had a considerable fall of 13 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from R 28 182 to R 6 272, which means a 22 % fall.