The rent prices in real estate in Merrivale, in the Kwazulu-natal 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 Merrivale has had a strong fall during the last 6 months. In November, the average price per m² was R 162,88. In December this price barely changed remaining at R 162,63 per m². In the following two months the price per m² has practically remained the same, going from R 162,76 to R 162,76 per m². The price per m² has had a considerable fall of 50 % 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 162,76 to R 81,44 during March, and April.
When referring to the price in Merrivale (cities & towns), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is R 16 125. In December This price remains at R 16 100. In the following two months the average price has hardly changed with regard to the previous two months from R 16 112,5 to R 16 112,5. During the last two months the average price has fallen greatly compared to the previous four going from R 16 112,5 to R 8 062,5, which means a 50 % fall.