The rent prices in real estate in Middelburg, in the Mpumalanga region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per m² in Middelburg has risen during the last 6 months. In October, the average price per m² was R 76,79. In the following month the price per m² fell to R 65,53. The price for the following two months in (December, January) had a considerable rise of 121 %. The price per m² has had a considerable rise of 120 % 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 78,6 to R 94,62 during February, and March.
When referring to the price in Middelburg (cities & towns), this has risen considerably in the last 6 months. The average price during our first sample month during October, is R 19 548. During November the price went through a considerable rise reaching R 27 524. During the following two months (December, January) the average price had a considerable rise of 141 % 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 increased 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 36 333 they are 91 % more affordable than the average price for Middelburg . The properties with the lowest average price have 4 bedrooms, Their price is 64 % more affordable than the average. After that we have properties with 3 bedrooms priced at R 10 012.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 29 / m², with an average R 96,86 / m² price in Middelburg. The properties with the most expensive average prices have 1 bedroom. They are 1 % more expensive than the average followed by properties with 2 bedrooms with a price at R 61 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of R 36 333 it is 80 % more affordable than the average price in Middelburg. "Townhouse" is seen as the second most affordable property type. The most affordable property is "Commercial" followed by "Farm". At a price of R 11 839 it is 67 % more affordable than the average price.
According to the average cost per m², the most affordable property is "Farm" at an average price of R 24 / m² followed by "House" priced at R 28 / m². "Townhouse" is the most affordable type of property with a R 56 / m² value followed by "Commercial" with an average price of R 34 / m².