The rent prices in real estate in Northam, in the Limpopo 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 Northam has risen during the last 6 months. In October, the average price per m² was R 45. In November this price barely changed remaining at R 45 per m². The price for the following two months in (December, January) had a considerable rise of 129 %. The price per m² has had a considerable fall of 79 % 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 51,51 to R 40,68 during February, and March.
When referring to the price in Northam (cities & towns), this has risen considerably in the last 6 months. In our first sample month during October, the average price is R 7 428. In November This price remains at R 7 428. During the following two months (December, January) the average price had a considerable rise of 170 % 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 149 % 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 13 750 they are 52 % more affordable than the average price for Northam . The properties with the lowest average price have 1 bedroom, Their price is 50 % more affordable than the average. After that we have properties with 2 bedrooms priced at R 6 813.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 5 / m², with an average R 38,13 / m² price in Northam. The properties with the most expensive average prices have 1 bedroom. They are 1982 % more expensive than the average followed by properties with 2 bedrooms with a price at R 789 / m².
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of R 13 750 it is 52 % more affordable than the average price in Northam. "Land" is seen as the second most affordable property type. The most affordable property is "Commercial" followed by "Land". At a price of R 6 634 it is 51 % more affordable than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of R 5 / m² followed by "Commercial" priced at R 769 / m². "Land" is the most expensive type of property with a R 4 865 / m² value followed by "Commercial" with an average price of R 769 / m².