Property prices for rent in UMhlathuze Municipality (Kwazulu-natal)
The rent prices in real estate in UMhlathuze Municipality, in the Kwazulu-natal region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per m² in UMhlathuze Municipality has had a strong fall during the last 6 months. In November, the average price per m² was R 169,99. In December this price barely changed remaining at R 172,23 per m². In the following two months the price per m² has practically remained the same, going from R 171,11 to R 171,11 per m². The price per m² has had a considerable fall of 50 % 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 171,11 to R 85,72 during March, and April.
When referring to the price in UMhlathuze Municipality (cities & towns), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is R 17 400. In December This price remains at R 17 444. In the following two months the average price has hardly changed with regard to the previous two months from R 17 422 to R 17 422. During the last two months the average price has fallen greatly compared to the previous four going from R 17 422 to R 9 228,5, which means a 53 % fall.
