The rent prices in real estate in Mitchells Plain, in the Western Cape 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 Mitchells Plain has risen strongly during the last 6 months. In October, the average price per m² was R 73. In the following month the price per m² rose considerably to R 66 511. The price for the following two months in (December, January) had a considerable fall of 51 with regard to the previous two months. The price per m² has had a considerable fall of 0 % 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 25 097,25 to R 79,94 during February, and March.
When referring to the price in Mitchells Plain (cities & towns), this has risen considerably in the last 6 months. The average price during our first sample month during October, is R 7 992. During November the price went through a considerable rise reaching R 67 749. During the following two months (December, January) the average price had a considerable fall of 48 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from R 27 980 to R 7 949, which means a 28 % fall.
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 8 938 they are 52 % more affordable than the average price for Mitchells Plain . The properties with the highest average price have 3 bedrooms, Their price is 6752 % more expensive than the average. After that we have properties with 4 bedrooms priced at R 609 968.
With regard to the average price per m², those properties with 2 bedrooms are the most affordable ones at a cost of R 9 / m², with an average R 45,88 / m² price in Mitchells Plain. The properties with the most expensive average prices have 1 bedroom. They are 37847 % more expensive than the average followed by properties with 3 bedrooms with a price at R 9 214 / m².
The graph displaying the average rent prices displays the property type "Commercial" as the most expensive one. At an cost of R 8 938 it is 6656 % more expensive than the average price in Mitchells Plain. "House" is seen as the second most expensive property type. The most expensive property type is "House" followed by "Commercial". At a price of R 603 891 it is 6724 % more expensive than the average price.
According to the average cost per m², the least affordable property would be "Commercial" at an average price of R 9 074 / m² followed by "House" priced at R 9 174 / m². "House" is the most expensive type of property with a R 9 174 / m² value followed by "Commercial" with an average price of R 9 074 / m².