The rent prices in real estate in Malmesbury, in the Western Cape 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 Malmesbury has risen during the last 6 months. In November, the average price per m² was R 109,49. In the following month the price per m² rose considerably to R 136,34. In the following two months the price per m² has risen 113 %, going from R 122,92 to R 138,76 per m². The price per m² has had a considerable fall of 70 % 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 130,84 to R 91,81 during March, and April.
When referring to the price in Malmesbury (cities & towns), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is R 18 133. In December This price remains at R 17 625. During the following two months (January, February) the average price had a considerable fall of 69 % 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 15 121,25 to R 11 313, which means a 75 % fall.
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 10 938 they are 14 % more affordable than the average price for Malmesbury . The properties with the highest average price have 3 bedrooms, Their price is 51 % more expensive than the average. After that we have properties with 4 bedrooms priced at R 9 991.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of R 40 / m², with an average R 56,11 / m² price in Malmesbury. The properties with the most expensive average prices have 1 bedroom. They are 16594 % more expensive than the average followed by properties with 2 bedrooms with a price at R 104 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of R 10 938 it is 16 % more affordable than the average price in Malmesbury. "Land" is seen as the second most affordable property type. The most expensive property type is "Commercial" followed by "House". At a price of R 9 991 it is 26 % 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 21 / m² followed by "Commercial" priced at R 24 / m². "House" is the most affordable type of property with a R 56 / m² value followed by "Land" with an average price of R 40 / m².