The rent prices in real estate in Scottburgh, in the Kwazulu-natal 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 Scottburgh has risen strongly during the last 6 months. In October, the average price per m² was R 75,52. In the following month the price per m² fell considerably to R 58,08. The price for the following two months in (December, January) had a considerable rise of 126 %. The price per m² has had a considerable rise of 194 % 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 75,36 to R 146,12 during February, and March.
When referring to the price in Scottburgh (cities & towns), this has risen considerably in the last 6 months. In our first sample month during October, the average price is R 10 515. In November This price remains at R 10 656. During the following two months (December, January) the average price had a considerable rise of 168 % 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 210 % during the last two months.
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 9 375 they are 43 % more affordable than the average price for Scottburgh . The properties with the highest average price have 3 bedrooms, Their price is 9 % more expensive than the average. After that we have properties with 4 bedrooms priced at R 7 679.
With regard to the average price per m², those properties with 1 bedroom are the most expensive ones at a cost of R 48 / m², with an average R 47,94 / m² price in Scottburgh. The properties with the most expensive average prices have 2 bedrooms. They are 140 % more expensive than the average followed by properties with 3 bedrooms with a price at R 74 / m².
The graph displaying the average rent prices displays the property type "Commercial" as the most affordable one. At an cost of R 9 375 it is 48 % more affordable than the average price in Scottburgh. "Land" is seen as the second most affordable property type. The most affordable property is "House" followed by "Land". At a price of R 4 924 it is 18 % more affordable than the average price.
According to the average cost per m², the least affordable property would be "House" at an average price of R 63 / m² followed by "Commercial" priced at R 1 824 / m². "Land" is the most expensive type of property with a R 1 854 / m² value followed by "Commercial" with an average price of R 1 824 / m².