The rent prices in real estate in Secunda, in the Mpumalanga 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 Secunda has risen strongly during the last 6 months. In October, the average price per m² was R 77,23. In November this price barely changed remaining at R 79,6 per m². The price for the following two months in (December, January) had a considerable rise of 139 %. The price per m² has risen 108 % 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 93,86 to R 101,78 during February, and March.
When referring to the price in Secunda (cities & towns), this has fallen considerably in the last 6 months. The rent price in October is R 19 711, rising in November till R 22 082. During the following two months (December, January) the average price had a considerable fall of 70 % 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 17 777 to R 9 391, which means a 53 % fall.
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 8 837 they are 41 % more affordable than the average price for Secunda . The properties with the highest average price have 3 bedrooms, Their price is 15 % more expensive than the average. After that we have properties with 2 bedrooms priced at R 7 731.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 68 / m², with an average R 98,28 / m² price in Secunda. The properties with the most expensive average prices have 3 bedrooms. They are 28 % more expensive than the average followed by properties with 2 bedrooms with a price at R 97,15 / m².
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of R 8 837 it is 34 % more affordable than the average price in Secunda. "House" is seen as the second most affordable property type. The most expensive property type is "Commercial" followed by "House". At a price of R 7 418 it is 139 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Land" at an average price of R 52 / m² followed by "House" priced at R 68 / m². "Commercial" is the most expensive type of property with a R 21 077 / m² value followed by "House" with an average price of R 68 / m².