The rent prices in real estate in Ramsgate, 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 Ramsgate has barely changed in the last 6 months. In October, the average price per m² was R 56,1. In the following month the price per m² fell considerably to R 28,91. The price for the following two months in (December, January) had a considerable rise of 120 %. The price per m² has had a considerable rise of 173 % 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 46,74 to R 81,03 during February, and March.
When referring to the price in Ramsgate (cities & towns), this has risen in the last 6 months. The average price for October is R 9 492. During November the price had a slight fall till R 8 790. During the following two months (December, January) the price has had an average rise from R 9 141 to R 10 473,5. Based on an analysis of the first four prices and the last two months the average price has increased 109 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of R 9 960 they are 48 % more affordable than the average price for Ramsgate . Based on the bedrooms values, properties with the most expensive rent prices are those with 3 bedrooms. They are 12616 % more expensive than the average aforementioned.
With regard to the average price per m², those properties with 3 bedrooms are the most expensive ones at a cost of R 739 / m², with an average R 57 / m² price in Ramsgate. Properties with the most expensive price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 15218 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Apartment" as the most expensive one. At an cost of R 9 960 it is 8646 % more expensive than the average price in Ramsgate. "House" is seen as the second most expensive property type. The most expensive property type is "House" followed by "Apartment". At a price of R 871 133 it is 10522 % more expensive than the average price.
According to the average cost per m², the least affordable property would be "House" at an average price of R 715 / m² followed by "Apartment" priced at R 871 133 / m². "Apartment" is the most expensive type of property with a R 871 133 / m² value followed by "House" with an average price of R 715 / m².