The rent prices in real estate in Modimolle, in the Limpopo 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 Modimolle has had a strong fall during the last 6 months. In October, the average price per m² was R 1 352. In the following month the price per m² fell considerably to R 54. The price for the following two months in (December, January) had a considerable fall of 20 with regard to the previous two months. The price per m² has had a considerable fall of 15 % 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 421,28 to R 63,94 during February, and March.
When referring to the price in Modimolle (cities & towns), this has fallen considerably in the last 6 months. The average price for October is R 123 170. During November the price had a considerable fall till R 18 770. During the following two months (December, January) the average price had a considerable fall of 23 % 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 43 500 to R 10 942,5, which means a 25 % fall.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 6 % more affordable than the average price of R 7 026 in Modimolle. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 6 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 73 % more affordable than the average price of (R 10 / m²) in Modimolle. Properties with the most affordable price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 73 % more affordable than the average value aforementioned.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of R 7 485 it is 9 % more affordable than the average price in Modimolle. "House" is seen as the second most affordable property type. The most affordable property is "House" followed by "". At a price of R 6 812 it is 6 % more affordable than the average price.
According to the average area price by m² the most affordable property type is "House with an average cost of R 10 / m². "House" with an average price of R 10 / m² has the most affordable price and would be directed at less affluent cities.