The rent prices in real estate in Mokopane, 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 Mokopane has had a strong fall during the last 6 months. In October, the average price per m² was R 71,25. In the following month the price per m² fell considerably to R 50,45. The price for the following two months in (December, January) had a considerable fall of 76 with regard to the previous two months. The price per m² has risen 108 % 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 53,51 to R 57,54 during February, and March.
When referring to the price in Mokopane (cities & towns), this has risen in the last 6 months. In our first sample month during October, the average price is R 9 413. In November This price remains at R 9 845. During the following two months (December, January) the price has had an average rise from R 9 629 to R 10 750,5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of R 10 189,75 and R 9 850 between February and March.
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 8 306 they are 33 % more affordable than the average price for Mokopane . The properties with the highest average price have 3 bedrooms, Their price is 123 % more expensive than the average. After that we have properties with 2 bedrooms priced at R 10 266.
With regard to the average price per m², those properties with 3 bedrooms are the most expensive ones at a cost of R 65 / m², with an average R 56,11 / m² price in Mokopane. The properties with the most expensive average prices have 1 bedroom. They are 8087 % more expensive than the average followed by properties with 2 bedrooms with a price at R 73 / m².
The graph displaying the average rent prices displays the property type "Commercial" as the most expensive one. At an cost of R 8 306 it is 117 % more expensive than the average price in Mokopane. "Land" is seen as the second most expensive property type. The most expensive property type is "House" followed by "Apartment". At a price of R 18 297 it is 123 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Commercial" at an average price of R 40 / m² followed by "Land" priced at R 50 / m². "House" is the most expensive type of property with a R 65 / m² value followed by "Apartment" with an average price of R 55 / m².