The rent prices in real estate in Nigel, in the Gauteng 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 Nigel has risen strongly during the last 6 months. In October, the average price per m² was R 33,95. In the following month the price per m² rose considerably to R 56,71. The price for the following two months in (December, January) had a considerable rise of 132 %. The price per m² has fallen 93 % 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 52,51 to R 48,88 during February, and March.
When referring to the price in Nigel (cities & towns), this has fallen considerably in the last 6 months. The average price for October is R 132 633. During November the price had a considerable fall till R 7 317. During the following two months (December, January) the average price had a considerable fall of 9 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from R 38 095,75 to R 5 065, which means a 13 % fall.
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 4 915 they are 32 % more affordable than the average price for Nigel . The properties with the highest average price have 2 bedrooms, Their price is 125 % more expensive than the average. After that we have properties with 1 bedroom priced at R 3 330.
With regard to the average price per m², those properties with 2 bedrooms are the most affordable ones at a cost of R 18 / m², with an average R 49,76 / m² price in Nigel. The properties with the most expensive average prices have 1 bedroom. They are 57 % more expensive than the average followed by properties with 2 bedrooms with a price at R 18 / m².
The graph displaying the average rent prices displays the property type "House" as the most expensive one. At an cost of R 4 915 it is 125 % more expensive than the average price in Nigel. "" is seen as the second most expensive property type. The most expensive property type is "" followed by "House". At a price of R 11 048 it is 130 % more expensive than the average price.
According to the average area price by m² the most affordable property type is "House with an average cost of R 18 / m². "House" with an average price of R 18 / m² has the most affordable price and would be directed at less affluent cities.