The rent prices in real estate in Nelspruit, in the Mpumalanga 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 Nelspruit has risen during the last 6 months. In October, the average price per m² was R 70,44. In November this price barely changed remaining at R 67,95 per m². In the following two months the price per m² has practically remained the same, going from R 69,19 to R 72,28 per m². The price per m² has had a considerable rise of 115 % 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 70,74 to R 81,46 during February, and March.
When referring to the price in Nelspruit (cities & towns), this has fallen in the last 6 months. The rent price in October is R 15 773, rising in November till R 16 605. During the following two months (December, January) the average price fell 85 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 89 %, going from R 14 994 to R 13 360 in February and March.
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 13 371 they are 50 % more affordable than the average price for Nelspruit . The properties with the highest average price have 3 bedrooms, Their price is 19 % more expensive than the average. After that we have properties with 4 bedrooms priced at R 15 459.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 51 / m², with an average R 82,97 / m² price in Nelspruit. The properties with the most expensive average prices have 1 bedroom. They are 34 % more expensive than the average followed by properties with 2 bedrooms with a price at R 81 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of R 13 371 it is 48 % more affordable than the average price in Nelspruit. "Farm" is seen as the second most affordable property type. The most expensive property type is "Commercial" followed by "Townhouse". At a price of R 28 331 it is 2427 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Farm" at an average price of R 24 / m² followed by "Townhouse" priced at R 58 / m². "Commercial" is the most expensive type of property with a R 1 651 / m² value followed by "Apartment" with an average price of R 91 / m².