The rent prices in real estate in Lydenburg, in the Mpumalanga region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per m² in Lydenburg has risen during the last 6 months. In October, the average price per m² was R 26,08. In the following month the price per m² rose considerably to R 38,5. The price for the following two months in (December, January) had a considerable fall of 84 with regard to the previous two months. The price per m² has fallen 94 % 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 29,65 to R 28 during February, and March.
When referring to the price in Lydenburg (cities & towns), this has fallen considerably in the last 6 months. The average price for October is R 41 467. During November the price had a considerable fall till R 34 225. In the following two months the average price has hardly changed with regard to the previous two months from R 37 846 to R 38 611. During the last two months the average price has fallen greatly compared to the previous four going from R 38 228,5 to R 14 491, which means a 38 % fall.
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 21 357 they are 64 % more affordable than the average price for Lydenburg . The properties with the lowest average price have 1 bedroom, Their price is 55 % more affordable than the average. After that we have properties with 2 bedrooms priced at R 7 592.
With regard to the average price per m², those properties with 2 bedrooms are the most affordable ones at a cost of R 23 / m², with an average R 34 / m² price in Lydenburg. The properties with the most expensive average prices have 1 bedroom. They are 27112 % more expensive than the average followed by properties with 2 bedrooms with a price at R 23 / m².
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of R 21 357 it is 65 % more affordable than the average price in Lydenburg. "House" is seen as the second most affordable property type. The most affordable property is "Land" followed by "". At a price of R 13 328 it is 37 % more affordable than the average price.
According to the average cost per m², the most affordable property is "Land" at an average price of R 7 / m² followed by "Townhouse" priced at R 13 / m². "Farm" is the most affordable type of property with a R 29 / m² value followed by "Apartment" with an average price of R 24 / m².