The rent prices in real estate in Orange Farm, in the Gauteng region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per m² in Orange Farm has fallen during the last 6 months. In November, the average price per m² was R 42. In December this price barely changed remaining at R 42 per m². In the following two months the price per m² has practically remained the same, going from R 42 to R 42 per m². The price per m² has had a considerable fall of 81 % 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 42 to R 34 during March, and April.
When referring to the price in Orange Farm (cities & towns), this has fallen in the last 6 months. In our first sample month during November, the average price is R 9 647. In December This price remains at R 9 647. In the following two months the average price has hardly changed with regard to the previous two months from R 9 647 to R 9 647. During the last two months the average price has fallen greatly compared to the previous four going from R 9 647 to R 6 129, which means a 64 % fall.