The rent prices in real estate in Umhlanga Rocks, 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 Umhlanga Rocks has had a strong fall during the last 6 months. In October, the average price per m² was R 844,46. In November this price barely changed remaining at R 844,46 per m². In the following two months the price per m² has practically remained the same, going from R 844,46 to R 844,46 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 844,46 to R 422,23 during February, and March.
When referring to the price in Umhlanga Rocks (cities & towns), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is R 23 000. In November This price remains at R 23 000. In the following two months the average price has hardly changed with regard to the previous two months from R 23 000 to R 23 000. During the last two months the average price has fallen greatly compared to the previous four going from R 23 000 to R 11 500, which means a 50 % fall.