The rent prices in real estate in Lephalale, in the Limpopo 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 Lephalale has fallen during the last 6 months. In October, the average price per m² was R 64,87. In the following month the price per m² fell considerably to R 36,22. The price for the following two months in (December, January) had a considerable rise of 121 %. The price per m² has had a considerable rise of 116 % 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 55,81 to R 65 during February, and March.
When referring to the price in Lephalale (cities & towns), there have hardly been any changes in the last 6 months. The average price for October is R 7 844. During November the price had a slight fall till R 7 400. During the following two months (December, January) the average price fell 87 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 132 % during the last two months.
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 7 028 they are 37 % more affordable than the average price for Lephalale . The properties with the highest average price have 4 bedrooms, Their price is 12 % more expensive than the average. After that we have properties with 3 bedrooms priced at R 7 637.
With regard to the average price per m², those properties with 1 bedroom are the most affordable ones at a cost of R 53 / m², with an average R 61 / m² price in Lephalale. The properties with the most expensive average prices have 3 bedrooms. They are 13 % more expensive than the average followed by properties with 2 bedrooms with a price at R 67 / m².
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of R 7 028 it is 37 % more affordable than the average price in Lephalale. "Flat" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "Townhouse". At a price of R 8 548 it is 110 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Townhouse" at an average price of R 40 / m² followed by "Apartment" priced at R 53 / m². "Land" is the most expensive type of property with a R 10 058 / m² value followed by "House" with an average price of R 67 / m².