The rent prices in real estate in Salt Rock, 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 Salt Rock has had a strong fall during the last 6 months. In October, the average price per m² was R 128,7. In the following month the price per m² fell considerably to R 83,76. The price for the following two months in (December, January) fell 89 % with regard to the previous two months. The price per m² has had a considerable rise of 127 % 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 100,61 to R 127,3 during February, and March.
When referring to the price in Salt Rock (cities & towns), this has risen in the last 6 months. The average price during our first sample month during October, is R 14 971. During November the price went through a considerable rise reaching R 17 960. During the following two months (December, January) the price has had an average rise from R 16 465,5 to R 17 323,5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 92 %, going from R 16 894,5 to R 15 587 in February and March.
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 16 174 they are 45 % more affordable than the average price for Salt Rock . The properties with the highest average price have 3 bedrooms, Their price is 28 % more expensive than the average. After that we have properties with 4 bedrooms priced at R 14 130.
With regard to the average price per m², those properties with 2 bedrooms are the most affordable ones at a cost of R 49 / m², with an average R 126,59 / m² price in Salt Rock. The properties with the most expensive average prices have 4 bedrooms. They are 11062 % more expensive than the average followed by properties with 1 bedroom with a price at R 76 / m².
With regard to the average price based on the property in Salt Rock we can see that the most affordable type of property is "House" at R 14 130, which is 13 % cheaper than the average price. "House" has the most affordable price. This price is 13 % more affordable than the average price aforementioned.
According to the average area price by m² the most expensive property type is "House with an average cost of R 14 130 / m². "House" at an average price of R 14 130 / m² has the highest price and would be directed at more affluent cities.