The rent prices in real estate in Vredenburg, 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 Vredenburg has risen strongly during the last 6 months. In November, the average price per m² was R 79,32. In the following month the price per m² rose considerably to R 97,57. The price for the following two months in (January, February) had a considerable rise of 123 %. The price per m² has risen 109 % 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 98,81 to R 107,94 during March, and April.
When referring to the price in Vredenburg (cities & towns), this has fallen considerably in the last 6 months. The average price for November is R 17 542. During December the price had a slight fall till R 16 626. During the following two months (January, February) the average price had a considerable fall of 69 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from R 14 423 to R 4 702,5, which means a 33 % fall.
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 4 541 they are 3 % more affordable than the average price for Vredenburg . The properties with the highest average price have 4 bedrooms, Their price is 163 % more expensive than the average. After that we have properties with 3 bedrooms priced at R 10 235.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 33 / m², with an average R 104,81 / m² price in Vredenburg. The properties with the most expensive average prices have 1 bedroom. They are 20 % more expensive than the average followed by properties with 2 bedrooms with a price at R 87 / m².
The graph displaying the average rent prices displays the property type "Commercial" as the most affordable one. At an cost of R 4 541 it is 3 % more affordable than the average price in Vredenburg. "Industrial property" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of R 11 719 it is 163 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Industrial property" at an average price of R 3 / m² followed by "Apartment" priced at R 13 / m². "Land" is the most expensive type of property with a R 11 682 / m² value followed by "Commercial" with an average price of R 3 399 / m².