The rent prices in real estate in Umhlanga, in the Kwazulu-natal 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 Umhlanga has risen during the last 6 months. In January, the average price per m² was R 146,79. In February this price barely changed remaining at R 153 per m². In the following two months the price per m² has practically remained the same, going from R 149,9 to R 152,92 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 151,41 to R 158,57 during May y June
When referring to the price in Umhlanga (cities & towns), there have hardly been any changes in the last 6 months. The average price during our first sample month during January, is R 24 688. During February the price went through a considerable rise reaching R 29 690. During the following two months (March, April) the average price had a considerable fall of 83 % with regard to the previous two months. 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 24 832 and R 26 026,5 between May and June.
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 26 329 they are 65 % more affordable than the average price for Umhlanga . The properties with the highest average price have 4 bedrooms, Their price is 10 % more expensive than the average. After that we have properties with 3 bedrooms priced at R 22 061.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 119,61 / m², with an average R 166,68 / m² price in Umhlanga. The properties with the most expensive average prices have 1 bedroom. They are 9 % more expensive than the average followed by properties with 2 bedrooms with a price at R 169,36 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of R 26 329 it is 38 % more affordable than the average price in Umhlanga. "Land" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Flat". At a price of R 24 011 it is 84 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Commercial" at an average price of R 106,96 / m² followed by "House" priced at R 107,24 / m². "Townhouse" is the most expensive type of property with a R 187,87 / m² value followed by "Apartment" with an average price of R 180,1 / m².