The rent prices in real estate in Stanger, 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 Stanger has risen strongly during the last 6 months. In October, the average price per m² was R 24. In the following month the price per m² rose considerably to R 868. The price for the following two months in (December, January) had a considerable fall of 9 with regard to the previous two months. The price per m² has had a considerable fall of 38 % 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 243,25 to R 93 during February, and March.
When referring to the price in Stanger (cities & towns), this has risen considerably in the last 6 months. The average price for October is R 5 988. During November the price had a considerable fall till R 4 930. During the following two months (December, January) the average price had a considerable rise of 119 % 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 262 % during the last two months.
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 13 205 they are 86 % more affordable than the average price for Stanger . The properties with the lowest average price have 2 bedrooms, Their price is 80 % more affordable than the average. After that we have properties with 1 bedroom priced at R 1 872.
With regard to the average price per m², those properties with 2 bedrooms are the most affordable ones at a cost of R 2 / m², with an average R 92 / m² price in Stanger. The properties with the most affordable average prices have 1 bedroom. They are 23 % more affordable than the average followed by properties with 2 bedrooms with a price at R 2 / m².
The graph displaying the average rent prices displays the property type "Farm" as the most affordable one. At an cost of R 13 205 it is 80 % more affordable than the average price in Stanger. "" is seen as the second most affordable property type. The most affordable property is "Commercial Property" followed by "House". At a price of R 2 685 it is 20 % more affordable than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of R 2 / m² followed by "Farm" priced at R 12 / m². "Commercial Property" is the most expensive type of property with a R 10 223 / m² value followed by "Farm" with an average price of R 12 / m².