The rent prices in real estate in Parys, in the Free State 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 Parys has had a strong fall during the last 6 months. In November, the average price per m² was R 29,1. In the following month the price per m² fell considerably to R 20,08. The price for the following two months in (January, February) had a considerable fall of 70 with regard to the previous two months. The price per m² has had a considerable fall of 51 % 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 20,89 to R 10,6 during March, and April.
When referring to the price in Parys (cities & towns), this has risen in the last 6 months. The average price during our first sample month during November, is R 6 347. During December the price went through a considerable rise reaching R 10 250. During the following two months (January, February) the average price had a considerable fall of 69 % 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 7 031 to R 5 781,5, which means a 82 % fall.
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 5 473 they are 5 % more affordable than the average price for Parys . The properties with the highest average price have 2 bedrooms, Their price is 9 % more expensive than the average. After that we have properties with 4 bedrooms priced at R 5 946.
With regard to the average price per m², those properties with 4 bedrooms are the most expensive ones at a cost of R 19 / m², with an average R 12,53 / m² price in Parys. The properties with the most expensive average prices have 1 bedroom. They are 33843 % more expensive than the average followed by properties with 2 bedrooms with a price at R 24 / m².
The graph displaying the average rent prices displays the property type "Flat" as the most affordable one. At an cost of R 5 473 it is 31 % more affordable than the average price in Parys. "Apartment" is seen as the second most affordable property type. The most expensive property type is "" followed by "House". At a price of R 5 946 it is 58 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Flat" at an average price of R 8 / m² followed by "Apartment" priced at R 18 / m². "House" is the most expensive type of property with a R 19 / m² value followed by "Apartment" with an average price of R 18 / m².