The rent prices in real estate in Mamelodi, in the Gauteng 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 Mamelodi has had a strong fall during the last 6 months. In October, the average price per m² was R 5 060. In the following month the price per m² fell considerably to R 23. The price for the following two months in (December, January) had a considerable fall of 1 with regard to the previous two months. The price per m² has had a considerable rise of 240 % 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 1 285,5 to R 3 086 during February, and March.
When referring to the price in Mamelodi (cities & towns), this has fallen considerably in the last 6 months. The average price for October is R 6 194. During November the price had a considerable fall till R 2 469. During the following two months (December, January) the average price had a considerable fall of 54 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 93 %, going from R 3 326,5 to R 3 086 in February and March.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 6 % more affordable than the average price of R 5 786 in Mamelodi. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 6 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 6 % more affordable than the average price of (R 5 786 / m²) in Mamelodi. Properties with the most affordable price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 6 % more affordable than the average value aforementioned.