The rent prices in real estate in Mossel Bay, in the Western Cape 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 Mossel Bay has had a strong fall during the last 6 months. In September, the average price per m² was R 60,01. In October this price barely changed remaining at R 62,63 per m². The price for the following two months in (November, December) had a considerable fall of 68 with regard to the previous two months. The price per m² has hardly changed in the last two months compared to the average price of the previous four months going from an average price of R 51,54 to R 52,19 during January y February
When referring to the price in Mossel Bay (cities & towns), there have hardly been any changes in the last 6 months. In our first sample month during September, the average price is R 12 418. In October This price remains at R 12 336. In the following two months the average price has hardly changed with regard to the previous two months from R 12 377 to R 12 232,5. 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 12 304,75 and R 11 704 between January and February.
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 11 267 they are 49 % more affordable than the average price for Mossel Bay . The properties with the highest average price have 4 bedrooms, Their price is 61 % more expensive than the average. After that we have properties with 3 bedrooms priced at R 14 036.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 63 / m², with an average R 63,77 / m² price in Mossel Bay. The properties with the most expensive average prices have 2 bedrooms. They are 51 % more expensive than the average followed by properties with 1 bedroom with a price at R 76 / m².
The graph displaying the average rent prices displays the property type "Farm" as the most affordable one. At an cost of R 11 267 it is 35 % more affordable than the average price in Mossel Bay. "Commercial" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of R 9 970 it is 28 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Townhouse" at an average price of R 6 / m² followed by "Farm" priced at R 8 / m². "Apartment" is the most expensive type of property with a R 89 / m² value followed by "House" with an average price of R 56 / m².