The rent prices in real estate in Lebowakgomo, in the Limpopo 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 Lebowakgomo has had a strong fall during the last 6 months. In November, the average price per m² was R 49,63. In the following month the price per m² fell to R 45,81. The price for the following two months in (January, February) fell 92 % with regard to the previous two months. The price per m² has had a considerable fall of 53 % 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 45,83 to R 24,5 during March, and April.
When referring to the price in Lebowakgomo (cities & towns), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is R 3 433. In December This price remains at R 3 325. In the following two months the average price has hardly changed with regard to the previous two months from R 3 379 to R 3 260. During the last two months the average price has fallen greatly compared to the previous four going from R 3 319,5 to R 1 662,5, which means a 50 % fall.