The rent prices in real estate in Kuruman, in the Northern 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 Kuruman has risen strongly during the last 6 months. In October, the average price per m² was R 29,91. In the following month the price per m² rose considerably to R 36,36. The price for the following two months in (December, January) had a considerable rise of 122 %. The price per m² has had a considerable fall of 76 % 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 36,7 to R 28,01 during February, and March.
When referring to the price in Kuruman (cities & towns), this has risen considerably in the last 6 months. The average price during our first sample month during October, is R 10 960. During November the price went through a considerable rise reaching R 13 035. During the following two months (December, January) the average price had a considerable rise of 117 % 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 93 %, going from R 13 019,75 to R 12 141 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 12 507 they are 45 % more affordable than the average price for Kuruman . The properties with the highest average price have 2 bedrooms, Their price is 1583 % more expensive than the average. After that we have properties with 4 bedrooms priced at R 209 424.
With regard to the average price per m², those properties with 1 bedroom are the most expensive ones at a cost of R 67 / m², with an average R 26,75 / m² price in Kuruman. The properties with the most expensive average prices have 2 bedrooms. They are 3444 % more expensive than the average followed by properties with 4 bedrooms with a price at R 943 / m².
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of R 12 507 it is 65 % more affordable than the average price in Kuruman. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Farm". At a price of R 208 376 it is 1574 % more expensive than the average price.
According to the average cost per m², the least affordable property would be "Farm" at an average price of R 938 / m² followed by "House" priced at R 943 / m². "Apartment" is the most expensive type of property with a R 1 656 / m² value followed by "House" with an average price of R 943 / m².