The rent prices in real estate in Tzaneen, in the Limpopo region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per m² in Tzaneen has risen during the last 6 months. In October, the average price per m² was R 66,09. In the following month the price per m² fell considerably to R 55,7. In the following two months the price per m² has risen 111 %, going from R 60,9 to R 67,67 per m². The price per m² has had a considerable rise of 128 % 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 64,28 to R 82,53 during February, and March.
When referring to the price in Tzaneen (cities & towns), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is R 10 975. In November This price remains at R 11 450. In the following two months the average price has hardly changed with regard to the previous two months from R 11 212,5 to R 11 089. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of R 11 150,75 and R 11 000 between February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of R 10 971 they are 51 % more affordable than the average price for Tzaneen . The properties with the lowest average price have 3 bedrooms, Their price is 5 % more affordable than the average. After that we have properties with 2 bedrooms priced at R 8 559.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 44 / m², with an average R 89,23 / m² price in Tzaneen. The properties with the most expensive average prices have 1 bedroom. They are 51 % more expensive than the average followed by properties with 2 bedrooms with a price at R 106 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of R 10 971 it is 52 % more affordable than the average price in Tzaneen. "House" is seen as the second most affordable property type. The most expensive property type is "Commercial" followed by "Townhouse". At a price of R 7 073 it is 135 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Farm" at an average price of R 14 / m² followed by "Townhouse" priced at R 24 / m². "Commercial" is the most expensive type of property with a R 1 905 / m² value followed by "House" with an average price of R 44 / m².