The rent prices in real estate in Uvongo, 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 Uvongo has risen strongly during the last 6 months. In October, the average price per m² was R 21,66. In the following month the price per m² rose considerably to R 32,67. The price for the following two months in (December, January) had a considerable rise of 181 %. The price per m² has had a considerable fall of 42 % 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 38,2 to R 16 during February, and March.
When referring to the price in Uvongo (cities & towns), this has fallen in the last 6 months. The average price for October is R 9 370. During November the price had a considerable fall till R 7 453. During the following two months (December, January) the average price had a considerable fall of 83 % 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 135 % during the last two months.
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 12 117 they are 58 % more affordable than the average price for Uvongo . Based on the bedrooms values, properties with the most expensive rent prices are those with 3 bedrooms. They are 9513 % more expensive than the average aforementioned.
With regard to the average price per m², those properties with 3 bedrooms are the most expensive ones at a cost of R 666 / m², with an average R 14 / m² price in Uvongo. Properties with the most expensive price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 29264 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Townhouse" as the most expensive one. At an cost of R 12 117 it is 7680 % more expensive than the average price in Uvongo. "Apartment" is seen as the second most expensive property type. The most expensive property type is "House" followed by "Apartment". At a price of R 1 025 270 it is 11563 % more expensive than the average price.
According to the average cost per m², the least affordable property would be "Apartment" at an average price of R 688 / m² followed by "Townhouse" priced at R 942 685 / m². "House" is the most expensive type of property with a R 1 413 222 / m² value followed by "Townhouse" with an average price of R 942 685 / m².