The rent prices in real estate in Mthatha, in the Eastern 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 Mthatha has had a strong fall during the last 6 months. In November, the average price per m² was R 51,78. In the following month the price per m² fell considerably to . The price for the following two months in (January, February) had a considerable rise of 129 %. The price per m² has fallen 91 % 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 29,69 to R 27 during March, and April.
When referring to the price in Mthatha (cities & towns), this has fallen considerably in the last 6 months. The average price for November is R 8 500. During December the price had a considerable fall till . During the following two months (January, February) the average price had a considerable rise of 163 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 193 % during the last two months.