The rent prices in real estate in Mooinooi, in the North West 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 Mooinooi has had a strong fall during the last 6 months. In October, the average price per m² was R 13 371. In the following month the price per m² fell considerably to R 9 365. The price for the following two months in (December, January) had a considerable fall of 84 with regard to the previous two months. The price per m² has had a considerable fall of 55 % 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 10 471,25 to R 5 788,5 during February, and March.
When referring to the price in Mooinooi (cities & towns), this has fallen considerably in the last 6 months. The average price for October is R 13 371. During November the price had a considerable fall till R 10 130. During the following two months (December, January) the average price had a considerable fall of 81 % 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 10 662,5 to R 7 418, which means a 70 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most expensive ones. At a price of R 7 443 they are 9 % more expensive than the average price for Mooinooi. Following this ranking we find those properties with 1 at an average price of R 11 273. The properties with the highest average price have 1 bedroom, Their price is 51 % more expensive than the average. After that we have properties with 2 bedrooms priced at R 8 145.
With regard to the average price per m², those properties with 2 bedrooms are the most expensive ones at a cost of R 8 145 / m², with an average R 4 184 / m² price in Mooinooi. The properties with the most expensive average prices have 1 bedroom. They are 169 % more expensive than the average followed by properties with 2 bedrooms with a price at R 8 145 / m².
The graph displaying the average rent prices displays the property type "Farm" as the most expensive one. At an cost of R 7 443 it is 9 % more expensive than the average price in Mooinooi. "House" is seen as the second most expensive property type. The most expensive property type is "House" followed by "Farm". At a price of R 8 118 it is 9 % more expensive than the average price.
According to the average cost per m², the least affordable property would be "Farm" at an average price of R 8 118 / m² followed by "House" priced at R 8 145 / m². "House" is the most expensive type of property with a R 8 145 / m² value followed by "Farm" with an average price of R 8 118 / m².