The rent prices in real estate in Montagu, 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 Montagu has risen strongly during the last 6 months. In October, the average price per m² was R 31. In November this price barely changed remaining at R 31 per m². In the following two months the price per m² has practically remained the same, going from R 31 to R 30,5 per m². The price per m² has had a considerable rise of 189 % 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 30,75 to R 58 during February, and March.
When referring to the price in Montagu (cities & towns), this has risen considerably in the last 6 months. In our first sample month during October, the average price is R 7 451. In November This price remains at R 7 451. In the following two months the average price has hardly changed with regard to the previous two months from R 7 451 to R 7 447. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 289 % during the last two months.