The rent prices in real estate in Richmond, in the Kwazulu-natal 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 Richmond has had a strong fall during the last 6 months. In November, the average price per m² was R 56. In December this price barely changed remaining at R 56 per m². In the following two months the price per m² has practically remained the same, going from R 56 to R 56 per m². The price per m² has had a considerable fall of 50 % 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 56 to R 28 during March, and April.
When referring to the price in Richmond (cities & towns), this has risen considerably in the last 6 months. The average price during our first sample month during November, is . During December the price went through a considerable rise reaching . During the following two months (January, February) the average price had a considerable rise of 0 % 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 0 % during the last two months.