Property prices for rent in Mangaung (Free State)
The rent prices in real estate in Mangaung, in the Free State 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 Mangaung has had a strong fall during the last 6 months. In November, the average price per m² was R 3,33. In December this price barely changed remaining at R 3,23 per m². The price for the following two months in (January, February) had a considerable fall of 46 with regard to the previous two months. The price per m² has had a considerable rise of 126 % 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 2,39 to R 3 during March, and April.
When referring to the price in Mangaung (cities & towns), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is R 3 881. In December This price remains at R 3 763. During the following two months (January, February) the average price had a considerable fall of 52 % 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 137 % during the last two months.
