The rent prices in real estate in Rayton, in the Gauteng 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 Rayton has risen strongly during the last 6 months. In October, the average price per m² was R 21. In the following month the price per m² rose to R 23,38. The price for the following two months in (December, January) had a considerable rise of 187 %. The price per m² has fallen 91 % 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 31,85 to R 29 during February, and March.
When referring to the price in Rayton (cities & towns), this has fallen in the last 6 months. The average price for October is R 11 388. During November the price had a considerable fall till R 7 500. During the following two months (December, January) the average price had a considerable rise of 116 % 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 106 % 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 12 987 they are 56 % more affordable than the average price for Rayton . The properties with the lowest average price have 1 bedroom, Their price is 55 % more affordable than the average. After that we have properties with 2 bedrooms priced at R 5 773.
With regard to the average price per m², those properties with 2 bedrooms are the most expensive ones at a cost of R 1 514 / m², with an average R 26 / m² price in Rayton. The properties with the most expensive average prices have 1 bedroom. They are 5792 % more expensive than the average followed by properties with 2 bedrooms with a price at R 1 514 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of R 12 987 it is 56 % more affordable than the average price in Rayton. "Farm" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Farm". At a price of R 5 773 it is 8125 % 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 504 / m² followed by "Apartment" priced at R 1 494 / m². "Farm" is the most expensive type of property with a R 1 514 / m² value followed by "Apartment" with an average price of R 1 494 / m².