The rent prices in real estate in Sebokeng, 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 Sebokeng has risen strongly during the last 6 months. In November, the average price per m² was R 6 880. In the following month the price per m² rose considerably to R 9 170. The price for the following two months in (January, February) had a considerable rise of 365 %. The price per m² has fallen 85 % 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 18 668 to R 15 881 during March, and April.
When referring to the price in Sebokeng (cities & towns), this has risen considerably in the last 6 months. The average price during our first sample month during November, is R 7 826. During December the price went through a considerable rise reaching R 9 170. During the following two months (January, February) the average price had a considerable rise of 363 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from R 19 693 to R 16 043, which means a 81 % fall.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 31 % more affordable than the average price of R 8 982 in Sebokeng. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 31 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 29 % more affordable than the average price of (R 8 982 / m²) in Sebokeng. Properties with the most affordable price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 29 % more affordable than the average value aforementioned.