The rent prices in real estate in Polokwane, in the Limpopo 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 Polokwane has risen strongly during the last 6 months. In October, the average price per m² was R 67,36. In the following month the price per m² rose to R 73,89. The price for the following two months in (December, January) had a considerable rise of 133 %. 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 82,28 to R 85,16 during February y March
When referring to the price in Polokwane (cities & towns), this has risen considerably in the last 6 months. The average price during our first sample month during October, is R 9 735. During November the price went through a considerable rise reaching R 11 209. During the following two months (December, January) the average price had a considerable rise of 132 % 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 increased 111 % 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 12 298 they are 72 % more affordable than the average price for Polokwane . The properties with the lowest average price have 4 bedrooms, Their price is 13 % more affordable than the average. After that we have properties with 3 bedrooms priced at R 9 995.
With regard to the average price per m², those properties with 1 bedroom are the most affordable ones at a cost of R 4,64 / m², with an average R 71,2 / m² price in Polokwane. The properties with the most affordable average prices have 2 bedrooms. They are 20 % more affordable than the average followed by properties with 3 bedrooms with a price at R 54,06 / m².
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of R 12 298 it is 62 % more affordable than the average price in Polokwane. "House" is seen as the second most affordable property type. The most expensive property type is "Farm" followed by "Apartment". At a price of R 15 816 it is 1225 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of R 68,54 / m² followed by "Apartment" priced at R 71,73 / m². "Farm" is the most expensive type of property with a R 1 173 / m² value followed by "Townhouse" with an average price of R 101,73 / m².