The rent prices in real estate in Paarl, in the Western Cape 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 Paarl has risen during the last 6 months. In October, the average price per m² was R 124,74. In November this price barely changed remaining at R 121,02 per m². The price for the following two months in (December, January) had a considerable rise of 116 %. 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 132,66 to R 128,49 during February y March
When referring to the price in Paarl (cities & towns), this has risen considerably in the last 6 months. The rent price in October is R 14 237, rising in November till R 15 700. During the following two months (December, January) the average price had a considerable rise of 187 % 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 221 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of R 52 059 they are 83 % more affordable than the average price for Paarl . The properties with the lowest average price have 4 bedrooms, Their price is 2 % more affordable than the average. After that we have properties with 3 bedrooms priced at R 22 310.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of R 90 / m², with an average R 104,3 / m² price in Paarl. The properties with the most expensive average prices have 4 bedrooms. They are 2629 % more expensive than the average followed by properties with 1 bedroom with a price at R 172 / m².
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of R 52 059 it is 85 % more affordable than the average price in Paarl. "Apartment" is seen as the second most affordable property type. The most affordable property is "Commercial" followed by "House". At a price of R 29 738 it is 36 % more affordable than the average price.
According to the average cost per m², the most affordable property is "Townhouse" at an average price of R 62 / m² followed by "Commercial" priced at R 93 / m². "Apartment" is the most expensive type of property with a R 163 / m² value followed by "House" with an average price of R 118 / m².