The rent prices in real estate in Melkbosstrand, in the Western Cape 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 Melkbosstrand has had a strong fall during the last 6 months. In November, the average price per m² was R 295,28. In the following month the price per m² fell considerably to R 136. The price for the following two months in (January, February) had a considerable fall of 78 with regard to the previous two months. The price per m² has hardly changed in the last two months compared to the average price of the previous four months going from an average price of R 191,83 to R 197,44 during March y April
When referring to the price in Melkbosstrand (cities & towns), this has risen considerably in the last 6 months. The average price during our first sample month during November, is R 11 500. During December the price went through a considerable rise reaching R 28 038. During the following two months (January, February) the average price had a considerable rise of 134 % 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 115 % during the last two months.
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 26 759 they are 70 % more affordable than the average price for Melkbosstrand . The properties with the highest average price have 4 bedrooms, Their price is 0 % more expensive than the average. After that we have properties with 3 bedrooms priced at R 16 663.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 42 / m², with an average R 215 / m² price in Melkbosstrand. The properties with the most affordable average prices have 2 bedrooms. They are 21 % more affordable than the average followed by properties with 3 bedrooms with a price at R 129 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of R 26 759 it is 67 % more affordable than the average price in Melkbosstrand. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Farm". At a price of R 15 957 it is 1 % 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 24 / m² followed by "House" priced at R 72 / m². "Farm" is the most expensive type of property with a R 741 / m² value followed by "Apartment" with an average price of R 136 / m².