The rent prices in real estate in Porterville, in the Western Cape 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 Porterville has had a strong fall during the last 6 months. In November, the average price per m² was R 5 311. In the following month the price per m² fell considerably to R 24. The price for the following two months in (January, February) had a considerable fall of 45 with regard to the previous two months. The price per m² has had a considerable rise of 199 % 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 1 936 to R 3 843,5 during March, and April.
When referring to the price in Porterville (cities & towns), this has risen in the last 6 months. The rent price in November is R 7 276, rising in December till R 7 992. In the following two months the average price has hardly changed with regard to the previous two months from R 7 634 to R 7 975. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 93 %, going from R 7 804,5 to R 7 284,5 in March and April.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 5 % more affordable than the average price of R 6 897 in Porterville. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 5 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 30 % more expensive than the average price of (R 6 897 / m²) in Porterville. Properties with the most expensive price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 30 % more expensive than the average value aforementioned.