The rent prices in real estate in Mopani, in the Limpopo region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per m² in Mopani has risen during the last 6 months. In June, the average price per m² was R 110,22. In the following month the price per m² rose to R 119,57. In the following two months the price per m² has practically remained the same, going from R 114,89 to R 118 per m². 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 116,44 to R 125,58 during October, and November.
When referring to the price in Mopani (cities & towns), this has fallen considerably in the last 6 months. The average price for June is R 26 232. During July the price had a slight fall till R 22 858. During the following two months (August, September) the average price had a considerable fall of 80 % with regard to the previous two months. 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 22 105 and R 21 844,5 between October and November.
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 22 158 they are 44 % more affordable than the average price for Mopani . The properties with the highest average price have 4 bedrooms, Their price is 73 % more expensive than the average. After that we have properties with 3 bedrooms priced at R 20 577.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 88,26 / m², with an average R 127,58 / m² price in Mopani. The properties with the most expensive average prices have 1 bedroom. They are 51 % more expensive than the average followed by properties with 2 bedrooms with a price at R 149,12 / m².
The graph displaying the average rent prices displays the property type "Flat" as the most affordable one. At an cost of R 22 158 it is 30 % more affordable than the average price in Mopani. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "Commercial". At a price of R 40 706 it is 95 % 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 74 / m² followed by "House" priced at R 84,19 / m². "Flat" is the most expensive type of property with a R 154,76 / m² value followed by "Townhouse" with an average price of R 129,7 / m².