The rent prices in real estate in Plettenberg Bay, in the Western Cape region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per m² in Plettenberg Bay has risen strongly during the last 6 months. In October, the average price per m² was R 37,52. In the following month the price per m² rose considerably to R 51,28. The price for the following two months in (December, January) had a considerable rise of 122 %. 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 49,33 to R 49,14 during February y March
When referring to the price in Plettenberg Bay (cities & towns), this has risen considerably in the last 6 months. The average price during our first sample month during October, is R 13 080. During November the price went through a considerable rise reaching R 20 808. During the following two months (December, January) the average price had a considerable rise of 130 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 94 %, going from R 19 472 to R 18 240 in February and March.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 63 % more affordable than the average price of R 6 433 in Plettenberg Bay. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 63 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 23 % more affordable than the average price of (R 42 / m²) in Plettenberg Bay. Properties with the most affordable price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 23 % more affordable than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Flat" as the most affordable one. At an cost of R 17 167 it is 91 % more affordable than the average price in Plettenberg Bay. "Farm" is seen as the second most affordable property type. The most affordable property is "House" followed by "Apartment". At a price of R 6 363 it is 63 % more affordable than the average price.
According to the average cost per m², the most affordable property is "Farm" at an average price of R 12 / m² followed by "Land" priced at R 17 / m². "Flat" is the most expensive type of property with a R 494 / m² value followed by "House" with an average price of R 42 / m².