The rent prices in real estate in Velddrift, in the Western 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 Velddrift has risen strongly during the last 6 months. In October, the average price per m² was R 21,32. In the following month the price per m² fell to R 18,95. The price for the following two months in (December, January) had a considerable rise of 8515 %. The price per m² has had a considerable rise of 9002 % 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 867,32 to R 78 077 during February, and March.
When referring to the price in Velddrift (cities & towns), this has risen considerably in the last 6 months. In our first sample month during October, the average price is R 7 625. In November This price remains at R 8 000. During the following two months (December, January) the average price had a considerable fall of 67 % 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 9564 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 73 % more affordable than the average price of R 2 935 in Velddrift. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 73 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 3385 % more expensive than the average price of (R 1 847 / m²) in Velddrift. Properties with the most expensive price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 3385 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of R 10 889 it is 74 % more affordable than the average price in Velddrift. "Apartment" is seen as the second most affordable property type. The most affordable property is "House" followed by "Apartment". At a price of R 2 905 it is 73 % more affordable than the average price.
According to the average cost per m², the least affordable property would be "Land" at an average price of R 1 807 / m² followed by "Apartment" priced at R 1 827 / m². "House" is the most expensive type of property with a R 1 837 / m² value followed by "Apartment" with an average price of R 1 827 / m².