The rent prices in real estate in St Francis Bay, in the Eastern Cape region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per m² in St Francis Bay has had a strong fall during the last 6 months. In October, the average price per m² was R 47,84. In the following month the price per m² fell considerably to R 35,61. The price for the following two months in (December, January) had a considerable fall of 71 with regard to the previous two months. The price per m² has fallen 93 % 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 35,65 to R 33,01 during February, and March.
When referring to the price in St Francis Bay (cities & towns), this has risen considerably in the last 6 months. The rent price in October is R 19 506, rising in November till R 21 178. During the following two months (December, January) the price has had an average rise from R 20 342 to R 22 414. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 117 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 85 % more affordable than the average price of R 4 271 in St Francis Bay. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 85 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 89 % more affordable than the average price of (R 4 / m²) in St Francis Bay. Properties with the most affordable price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 89 % more affordable than the average value aforementioned.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of R 28 481 it is 85 % more affordable than the average price in St Francis Bay. "" is seen as the second most affordable property type. The most affordable property is "" followed by "House". At a price of R 4 271 it is 83 % more affordable than the average price.
According to the average area price by m² the most affordable property type is "House with an average cost of R 4 / m². "House" with an average price of R 4 / m² has the most affordable price and would be directed at less affluent cities.