The rent prices in real estate in Southport, in the Kwazulu-natal region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per m² in Southport has fallen during the last 6 months. In November, the average price per m² was R 5 338. In the following month the price per m² fell considerably to R 3 833. In the following two months the price per m² has risen 113 %, going from R 4 585,5 to R 5 198 per m². The price per m² has risen 109 % 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 4 891,75 to R 5 332 during March, and April.
When referring to the price in Southport (cities & towns), there have hardly been any changes in the last 6 months. The average price for November is R 7 068. During December the price had a slight fall till R 6 139. During the following two months (January, February) the price has had an average rise from R 6 603,5 to R 7 216,5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of R 6 910 and R 7 060 between March and April.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 2 % more affordable than the average price of R 6 948 in Southport. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 2 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 30 % more expensive than the average price of (R 6 949 / m²) in Southport. Properties with the most expensive price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 30 % more expensive than the average value aforementioned.