The rent prices in real estate in Marloth Park, in the Mpumalanga region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per m² in Marloth Park has risen strongly during the last 6 months. In October, the average price per m² was R 5 633. In the following month the price per m² rose considerably to R 9 601. The price for the following two months in (December, January) had a considerable rise of 5043 %. The price per m² has had a considerable fall of 3 % 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 195 852,75 to R 5 627 during February, and March.
When referring to the price in Marloth Park (cities & towns), this has fallen in the last 6 months. The average price for October is R 473 343. During November the price had a considerable fall till R 381 791. During the following two months (December, January) the price has had an average rise from R 427 567 to R 459 466. Based on an analysis of the first four prices and the last two months the average price has increased 107 % 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 472 869 they are 99 % more affordable than the average price for Marloth Park . The properties with the highest average price have 1 bedroom, Their price is 62 % more expensive than the average. After that we have properties with 2 bedrooms priced at R 6 327.
With regard to the average price per m², those properties with 2 bedrooms are the most affordable ones at a cost of R 51 / m², with an average R 5 627 / m² price in Marloth Park. The properties with the most expensive average prices have 1 bedroom. They are 13550 % more expensive than the average followed by properties with 2 bedrooms with a price at R 51 / m².
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of R 472 869 it is 55 % more affordable than the average price in Marloth Park. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Land". At a price of R 213 787 it is 157 % more expensive than the average price.
According to the average cost per m², the least affordable property would be "Land" at an average price of R 213 788 / m² followed by "House" priced at R 1 214 758 / m². "House" is the most expensive type of property with a R 1 214 758 / m² value followed by "Land" with an average price of R 213 788 / m².