The rent prices in real estate in Underberg, in the Kwazulu-natal region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per m² in Underberg has risen strongly during the last 6 months. In October, the average price per m² was R 20. In November this price barely changed remaining at R 20 per m². The price for the following two months in (December, January) had a considerable rise of 453 %. The price per m² has had a considerable rise of 176 % 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 55,25 to R 97,5 during February, and March.
When referring to the price in Underberg (cities & towns), this has risen considerably in the last 6 months. In our first sample month during October, the average price is R 9 147. In November This price remains at R 9 147. During the following two months (December, January) the average price had a considerable rise of 127 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 123 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of R 14 743 they are 54 % more affordable than the average price for Underberg . The properties with the lowest average price have 2 bedrooms, Their price is 44 % more affordable than the average. After that we have properties with 1 bedroom priced at R 6 832.
With regard to the average price per m², those properties with 2 bedrooms are the most expensive ones at a cost of R 69 / m², with an average R 68 / m² price in Underberg. The properties with the most expensive average prices have 1 bedroom. They are 1362 % more expensive than the average followed by properties with 3 bedrooms with a price at R 989 / m².
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of R 14 743 it is 67 % more affordable than the average price in Underberg. "Land" is seen as the second most affordable property type. The most affordable property is "House" followed by "Land". At a price of R 6 764 it is 54 % more affordable than the average price.
According to the average cost per m², the most affordable property is "Land" at an average price of R 40 / m² followed by "House" priced at R 989 / m². "House" is the most expensive type of property with a R 989 / m² value followed by "Land" with an average price of R 40 / m².