The rent prices in real estate in Orkney, in the North West region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per m² in Orkney has had a strong fall during the last 6 months. In November, the average price per m² was R 34 285. In the following month the price per m² fell to R 29 965. In the following two months the price per m² has risen 107 %, going from R 32 125 to R 34 250 per m². The price per m² has had a considerable fall of 5 % 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 33 187,5 to R 1 677 during March, and April.
When referring to the price in Orkney (cities & towns), this has fallen considerably in the last 6 months. The average price for November is R 34 285. During December the price had a slight fall till R 29 965. During the following two months (January, February) the price has had an average rise from R 32 125 to R 34 250. During the last two months the average price has fallen greatly compared to the previous four going from R 33 187,5 to R 9 980, which means a 30 % fall.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 195 % more expensive than the average price of R 29 485 in Orkney. Based on the bedrooms values, properties with the most expensive rent prices are those with 1 bedroom. They are 195 % more expensive than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 1658 % more expensive than the average price of (R 29 485 / m²) in Orkney. Properties with the most expensive price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 1658 % more expensive than the average value aforementioned.