The rent prices in real estate in Port Edward, in the Kwazulu-natal 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 Port Edward has risen during the last 6 months. In October, the average price per m² was R 68,55. In the following month the price per m² rose considerably to R 86,7. The price for the following two months in (December, January) fell 91 % with regard to the previous two months. The price per m² has risen 110 % 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 74,21 to R 81,99 during February, and March.
When referring to the price in Port Edward (cities & towns), this has risen considerably in the last 6 months. The average price for October is R 5 276. During November the price had a slight fall till R 4 747. During the following two months (December, January) the average price had a considerable rise of 120 % 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 128 % 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 7 280 they are 79 % more affordable than the average price for Port Edward . The properties with the lowest average price have 2 bedrooms, Their price is 48 % more affordable than the average. After that we have properties with 1 bedroom priced at R 1 556.
With regard to the average price per m², those properties with 1 bedroom are the most affordable ones at a cost of R 38 / m², with an average R 91,99 / m² price in Port Edward. The properties with the most affordable average prices have 2 bedrooms. They are 50 % more affordable than the average followed by properties with 1 bedroom with a price at R 38 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of R 7 280 it is 49 % more affordable than the average price in Port Edward. "House" is seen as the second most affordable property type. The most expensive property type is "Flat" followed by "House". At a price of R 3 789 it is 7848 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Apartment" at an average price of R 34 / m² followed by "House" priced at R 46 / m². "Flat" is the most expensive type of property with a R 578 592 / m² value followed by "House" with an average price of R 46 / m².