The rent prices in real estate in Stilfontein, in the North West 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 Stilfontein has risen strongly during the last 6 months. In November, the average price per m² was R 1 771. In the following month the price per m² fell considerably to R 16. The price for the following two months in (January, February) had a considerable rise of 525 %. The price per m² has had a considerable fall of 66 % 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 2 792 to R 1 851 during March, and April.
When referring to the price in Stilfontein (cities & towns), this has risen considerably in the last 6 months. The average price during our first sample month during November, is R 4 752. During December the price went through a considerable rise reaching R 14 451. During the following two months (January, February) the price has had an average rise from R 9 601,5 to R 10 815,5. During the last two months the average price has fallen greatly compared to the previous four going from R 10 208,5 to R 4 963,5, which means a 49 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of R 4 720 they are 27 % more affordable than the average price for Stilfontein . The properties with the lowest average price have 1 bedroom, Their price is 7 % more affordable than the average. After that we have properties with 2 bedrooms priced at R 3 435.
With regard to the average price per m², those properties with 1 bedroom are the most affordable ones at a cost of R 9 / m², with an average R 2 329 / m² price in Stilfontein. The properties with the most affordable average prices have 2 bedrooms. They are 1 % more affordable than the average followed by properties with 1 bedroom with a price at R 9 / m².
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of R 4 720 it is 27 % more affordable than the average price in Stilfontein. "Apartment" is seen as the second most affordable property type. The most affordable property is "Apartment" followed by "House". At a price of R 3 435 it is 16 % 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 2 316 / m² followed by "Apartment" priced at R 3 976 / m². "Apartment" is the most expensive type of property with a R 3 976 / m² value followed by "House" with an average price of R 2 316 / m².