The rent prices in real estate in Pinetown, in the Kwazulu-natal region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per m² in Pinetown has barely changed in the last 6 months. In September, the average price per m² was R 77,51. In October this price barely changed remaining at R 75,84 per m². In the following two months the price per m² has practically remained the same, going from R 76,68 to R 73,68 per m². The price per m² has risen 105 % 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 75,18 to R 79,22 during January, and February.
When referring to the price in Pinetown (cities & towns), this has fallen considerably in the last 6 months. In our first sample month during September, the average price is R 45 369. In October This price remains at R 46 108. During the following two months (November, December) 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 38 552,25 to R 11 663, which means a 30 % 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 11 811 they are 57 % more affordable than the average price for Pinetown . The properties with the highest average price have 4 bedrooms, Their price is 17 % more expensive than the average. After that we have properties with 3 bedrooms priced at R 10 322.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 22 / m², with an average R 82,35 / m² price in Pinetown. The properties with the most expensive average prices have 2 bedrooms. They are 17 % more expensive than the average followed by properties with 1 bedroom with a price at R 82,16 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of R 11 811 it is 44 % more affordable than the average price in Pinetown. "Flat" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Land". At a price of R 23 910 it is 442 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Land" at an average price of R 29 / m² followed by "House" priced at R 32 / m². "Flat" is the most expensive type of property with a R 95 / m² value followed by "Townhouse" with an average price of R 55 / m².