The rent prices in real estate in Noordhoek, in the Western Cape region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per m² in Noordhoek has barely changed in the last 6 months. In October, the average price per m² was R 205,72. In November this price barely changed remaining at R 201,65 per m². In the following two months the price per m² has risen 112 %, going from R 203,68 to R 228,77 per m². 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 216,23 to R 209,04 during February y March
When referring to the price in Noordhoek (cities & towns), this has risen considerably in the last 6 months. In our first sample month during October, the average price is R 18 167. In November This price remains at R 17 983. During the following two months (December, January) the average price had a considerable rise of 133 % 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 126 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of R 23 500 they are 65 % more affordable than the average price for Noordhoek . The properties with the lowest average price have 1 bedroom, Their price is 57 % more affordable than the average. After that we have properties with 2 bedrooms priced at R 8 163.
With regard to the average price per m², those properties with 4 bedrooms are the most expensive ones at a cost of R 8 145 / m², with an average R 174,66 / m² price in Noordhoek. The properties with the most expensive average prices have 1 bedroom. They are 5676 % more expensive than the average followed by properties with 2 bedrooms with a price at R 8 163 / m².
The graph displaying the average rent prices displays the property type "Commercial Property" as the most affordable one. At an cost of R 23 500 it is 66 % more affordable than the average price in Noordhoek. "House" is seen as the second most affordable property type. The most affordable property is "House" followed by "Commercial Property". At a price of R 8 100 it is 65 % more affordable than the average price.
According to the average cost per m², the least affordable property would be "Commercial Property" at an average price of R 8 100 / m² followed by "House" priced at R 8 145 / m². "House" is the most expensive type of property with a R 8 145 / m² value followed by "Commercial Property" with an average price of R 8 100 / m².