Property prices for rent in Soweto (Gauteng)

The rent prices in real estate in Soweto, in the Gauteng region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.

R 5 004,33
Average price last 6 months
R 63,15
Price/m² last 6 months
Average price per m2

The price per m² in Soweto has risen during the last 6 months. In September, the average price per m² was R 56,3. In the following month the price per m² rose considerably to R 67,06. The price for the following two months in (November, December) had a considerable fall of 79 with regard to the previous two months. The price per m² has had a considerable rise of 142 % 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 55,33 to R 78,8 during January, and February.

Average price

When referring to the price in Soweto (cities & towns), there have hardly been any changes in the last 6 months. The average price for September is R 4 817. During October the price had a slight fall till R 4 505. During the following two months (November, December) the average price had a considerable rise of 115 % with regard to the previous two months. 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 5 011,5 and R 4 990 between January and February.

Average price per bedrooms

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 4 908 they are 56 % more affordable than the average price for Soweto . The properties with the highest average price have 3 bedrooms, Their price is 43 % more expensive than the average. After that we have properties with 2 bedrooms priced at R 4 806.

With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 67 / m², with an average R 89,91 / m² price in Soweto. The properties with the most expensive average prices have 1 bedroom. They are 210 % more expensive than the average followed by properties with 3 bedrooms with a price at R 91,58 / m².

Price per property type

The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of R 4 908 it is 41 % more affordable than the average price in Soweto. "Land" is seen as the second most affordable property type. The most affordable property is "House" followed by "Townhouse". At a price of R 3 471 it is 21 % more affordable than the average price.

According to the average cost per m², the most affordable property is "Commercial" at an average price of R 53 / m² followed by "House" priced at R 67 / m². "Land" is the most expensive type of property with a R 302 / m² value followed by "Apartment" with an average price of R 91 / m².

Charts data
Average price February
Average price per m² February
Number of properties used in Soweto
Number of properties used in region Gauteng
R 4 908
R 89,91
244
190 532
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value