The rent prices in real estate in Shelly Beach, 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 Shelly Beach has risen strongly during the last 6 months. In October, the average price per m² was R 50,01. In the following month the price per m² fell to R 45,49. The price for the following two months in (December, January) had a considerable rise of 127 %. The price per m² has had a considerable rise of 128 % 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 54,24 to R 69,59 during February, and March.
When referring to the price in Shelly Beach (cities & towns), this has risen considerably in the last 6 months. The average price for October is R 10 777. During November the price had a slight fall till R 9 897. During the following two months (December, January) the average price had a considerable rise of 121 % 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 147 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of R 16 490 they are 61 % more affordable than the average price for Shelly Beach . The properties with the highest average price have 3 bedrooms, Their price is 8096 % more expensive than the average. After that we have properties with 1 bedroom priced at R 9 150.
With regard to the average price per m², those properties with 2 bedrooms are the most affordable ones at a cost of R 60 / m², with an average R 69,09 / m² price in Shelly Beach. The properties with the most expensive average prices have 1 bedroom. They are 13144 % more expensive than the average followed by properties with 4 bedrooms with a price at R 6 496 / m².
The graph displaying the average rent prices displays the property type "Commercial" as the most affordable one. At an cost of R 16 490 it is 55 % more affordable than the average price in Shelly Beach. "Land" is seen as the second most affordable property type. The most expensive property type is "Apartment" followed by "House". At a price of R 987 643 it is 6211 % more expensive than the average price.
According to the average cost per m², the least affordable property would be "Apartment" at an average price of R 811 / m² followed by "Commercial" priced at R 6 293 / m². "House" is the most expensive type of property with a R 987 643 / m² value followed by "Townhouse" with an average price of R 6 426 / m².