The rent prices in real estate in Ladysmith, in the Kwazulu-natal region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per m² in Ladysmith has fallen during the last 6 months. In October, the average price per m² was R 362,22. In November this price barely changed remaining at R 362,22 per m². The price for the following two months in (December, January) had a considerable rise of 130 %. The price per m² has had a considerable fall of 44 % 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 415,69 to R 183 during February, and March.
When referring to the price in Ladysmith (cities & towns), this has fallen in the last 6 months. In our first sample month during October, the average price is R 54 133. In November This price remains at R 54 133. During the following two months (December, January) the average price had a considerable rise of 130 % 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 62 216,5 to R 20 779, which means a 33 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of R 35 564 they are 79 % more affordable than the average price for Ladysmith . The properties with the lowest average price have 1 bedroom, Their price is 76 % more affordable than the average. After that we have properties with 2 bedrooms priced at R 7 584.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of R 35 564 it is 79 % more affordable than the average price in Ladysmith. "Commercial Property" is seen as the second most affordable property type. The most affordable property is "Commercial Property" followed by "". At a price of R 7 544 it is 57 % more affordable than the average price.
According to the average area price by m² the most expensive property type is "Commercial Property with an average cost of R 3 098 / m². "Commercial Property" at an average price of R 3 098 / m² has the highest price and would be directed at more affluent cities.