The rent prices in real estate in Olifantsfontein, 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 Olifantsfontein has risen strongly during the last 6 months. In November, the average price per m² was R 61,73. In the following month the price per m² rose to R 67,2. The price for the following two months in (January, February) had a considerable rise of 133 %. The price per m² has had a considerable rise of 127 % 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 75,13 to R 95,08 during March, and April.
When referring to the price in Olifantsfontein (cities & towns), this has fallen in the last 6 months. The rent price in November is R 5 367, rising in December till R 5 743. During the following two months (January, February) the average price fell 93 % 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 5 371,25 to R 4 299, which means a 80 % fall.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 13 % more affordable than the average price of R 3 733 in Olifantsfontein. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 13 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 56 % more expensive than the average price of (R 131,56 / m²) in Olifantsfontein. Properties with the most expensive price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 56 % more expensive than the average value aforementioned.