The rent prices in real estate in Umtentweni, 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 Umtentweni has had a strong fall during the last 6 months. In October, the average price per m² was R 4 951. In the following month the price per m² fell considerably to R 57,24. The price for the following two months in (December, January) had a considerable fall of 2 with regard to the previous two months. The price per m² has had a considerable fall of 5 % 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 1 282,04 to R 62,94 during February, and March.
When referring to the price in Umtentweni (cities & towns), this has risen considerably in the last 6 months. The average price during our first sample month during October, is R 4 952. During November the price went through a considerable rise reaching R 6 986. In the following two months the average price has hardly changed with regard to the previous two months from R 5 969 to R 6 244,5. 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 6 106,75 and R 6 407 between February and March.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 2 % more affordable than the average price of R 6 613 in Umtentweni. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 2 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 10047 % more expensive than the average price of (R 6 613 / m²) in Umtentweni. Properties with the most expensive price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 10047 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "House" as the most expensive one. At an cost of R 6 749 it is 13004 % more expensive than the average price in Umtentweni. "Apartment" is seen as the second most expensive property type. The most expensive property type is "Apartment" followed by "House". At a price of R 884 390 it is 19087 % more expensive than the average price.
According to the average cost per m², the least affordable property would be "House" at an average price of R 475 / m² followed by "Apartment" priced at R 1 294 933 / m². "Apartment" is the most expensive type of property with a R 1 294 933 / m² value followed by "House" with an average price of R 475 / m².