The rent prices in real estate in St Michaels on Sea, 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 St Michaels on Sea has risen strongly during the last 6 months. In November, the average price per m² was R 26,88. In the following month the price per m² fell to R 24,52. The price for the following two months in (January, February) had a considerable rise of 119 %. The price per m² has had a considerable rise of 163 % 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 28,14 to R 46 during March, and April.
When referring to the price in St Michaels on Sea (cities & towns), this has fallen in the last 6 months. The average price for November is R 10 358. During December the price had a slight fall till R 9 298. During the following two months (January, February) the average price fell 92 % 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 increased 108 % during the last two months.