The rent prices in real estate in Upington, in the Northern Cape 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 Upington has risen strongly during the last 6 months. In November, the average price per m² was R 45. In the following month the price per m² rose considerably to R 125,99. The price for the following two months in (January, February) had a considerable rise of 140 %. The price per m² has had a considerable rise of 6078 % 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 102,54 to R 6 232 during March, and April.
When referring to the price in Upington (cities & towns), this has risen considerably in the last 6 months. The average price during our first sample month during November, is R 8 065. During December the price went through a considerable rise reaching R 15 200. During the following two months (January, February) the average price had a considerable rise of 148 % 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 128 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of R 27 482 they are 23 % more affordable than the average price for Upington . The properties with the highest average price have 1 bedroom, Their price is 80 % more expensive than the average. After that we have properties with 2 bedrooms priced at R 21 093.
With regard to the average price per m², those properties with 2 bedrooms are the most affordable ones at a cost of R 5 068 / m², with an average R 12 431 / m² price in Upington. The properties with the most expensive average prices have 1 bedroom. They are 298 % more expensive than the average followed by properties with 2 bedrooms with a price at R 5 068 / m².
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of R 27 482 it is 24 % more affordable than the average price in Upington. "Apartment" is seen as the second most affordable property type. The most affordable property is "House" followed by "Apartment". At a price of R 20 983 it is 23 % more affordable than the average price.
According to the average cost per m², the most affordable property is "Townhouse" at an average price of R 4 981 / m² followed by "Apartment" priced at R 5 038 / m². "House" is the most affordable type of property with a R 5 068 / m² value followed by "Apartment" with an average price of R 5 038 / m².