The rent prices in real estate in Umhlanga, in the Kwazulu-natal region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per m² in Umhlanga has barely changed in the last 6 months. In June, the average price per m² was R 140,15. In the following month the price per m² rose to R 148,53. In the following two months the price per m² has practically remained the same, going from R 144,34 to R 138,79 per m². The price per m² has hardly changed in the last two months compared to the average price of the previous four months going from an average price of R 141,57 to R 141,99 during October y November
When referring to the price in Umhlanga (cities & towns), this has fallen considerably in the last 6 months. The average price for June is R 37 052. During July the price had a slight fall till R 34 960. During the following two months (August, September) the average price had a considerable fall of 60 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 87 %, going from R 28 799 to R 25 127 in October and November.
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 26 127 they are 62 % more affordable than the average price for Umhlanga . The properties with the highest average price have 4 bedrooms, Their price is 34 % more expensive than the average. After that we have properties with 3 bedrooms priced at R 21 747.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 103,44 / m², with an average R 137,95 / m² price in Umhlanga. The properties with the most expensive average prices have 1 bedroom. They are 33 % more expensive than the average followed by properties with 2 bedrooms with a price at R 152,03 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of R 26 127 it is 35 % more affordable than the average price in Umhlanga. "Flat" is seen as the second most affordable property type. The most affordable property is "Land" followed by "House". At a price of R 23 921 it is 8 % 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 110,51 / m² followed by "Land" priced at R 137 / m². "Flat" is the most expensive type of property with a R 247 / m² value followed by "Apartment" with an average price of R 154,01 / m².