The rent prices in real estate in Thabazimbi, in the Limpopo 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 Thabazimbi has risen strongly during the last 6 months. In October, the average price per m² was R 1 161,21. In the following month the price per m² fell considerably to R 795,81. The price for the following two months in (December, January) had a considerable fall of 6 with regard to the previous two months. The price per m² has had a considerable rise of 8213 % 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 518,13 to R 42 552,16 during February, and March.
When referring to the price in Thabazimbi (cities & towns), this has risen considerably in the last 6 months. The average price for October is R 8 117. During November the price had a slight fall till R 7 300. During the following two months (December, January) the price has had an average rise from R 7 708,5 to R 8 292. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 617 % 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 7 000 they are 60 % more affordable than the average price for Thabazimbi . The properties with the lowest average price have 3 bedrooms, Their price is 17 % more affordable than the average. After that we have properties with 4 bedrooms priced at R 5 760.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 40 / m², with an average R 55,39 / m² price in Thabazimbi. The properties with the most expensive average prices have 2 bedrooms. They are 3993 % more expensive than the average followed by properties with 1 bedroom with a price at R 89 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of R 7 000 it is 30 % more affordable than the average price in Thabazimbi. "Farm" is seen as the second most affordable property type. The most affordable property is "House" followed by "Farm". At a price of R 5 754 it is 18 % more affordable than the average price.
According to the average cost per m², the most affordable property is "Apartment" at an average price of R 30 / m² followed by "Farm" priced at R 39 / m². "House" is the most affordable type of property with a R 40 / m² value followed by "Farm" with an average price of R 39 / m².