The rent prices in real estate in Napier, 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 Napier has risen strongly during the last 6 months. In November, the average price per m² was R 63,12. In the following month the price per m² rose considerably to R 4 106. The price for the following two months in (January, February) had a considerable rise of 197 %. The price per m² has had a considerable fall of 67 % 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 3 095,28 to R 2 084,5 during March, and April.
When referring to the price in Napier (cities & towns), this has fallen considerably in the last 6 months. The average price for November is R 10 125. During December the price had a considerable fall till R 6 083. During the following two months (January, February) the average price had a considerable fall of 75 % 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 increased 111 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 21 % more affordable than the average price of R 7 619 in Napier. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 21 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 8 % more affordable than the average price of (R 58 / m²) in Napier. Properties with the most affordable price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 8 % more affordable than the average value aforementioned.