The rent prices in real estate in Vryburg, in the North West region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per m² in Vryburg has had a strong fall during the last 6 months. In October, the average price per m² was R 4 812. In the following month the price per m² fell considerably to R 42,33. The price for the following two months in (December, January) had a considerable fall of 79 with regard to the previous two months. The price per m² has had a considerable fall of 74 % 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 2 167,33 to R 1 593,5 during February, and March.
When referring to the price in Vryburg (cities & towns), this has fallen considerably in the last 6 months. The average price during our first sample month during October, is R 5 660. During November the price went through a considerable rise reaching R 6 570. During the following two months (December, January) the average price had a considerable fall of 40 % with regard to the previous two months. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of R 4 276,5 and R 4 376 between February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most expensive ones. At a price of R 4 510 they are 10 % more expensive than the average price for Vryburg. Following this ranking we find those properties with 4 at an average price of R 9 850. The properties with the highest average price have 2 bedrooms, Their price is 119 % more expensive than the average. After that we have properties with 4 bedrooms priced at R 9 850.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 17 / m², with an average R 3 137 / m² price in Vryburg. The properties with the most expensive average prices have 1 bedroom. They are 59 % more expensive than the average followed by properties with 2 bedrooms with a price at R 19 / m².
The graph displaying the average rent prices displays the property type "Industrial property" as the most expensive one. At an cost of R 4 510 it is 117 % more expensive than the average price in Vryburg. "Townhouse" is seen as the second most expensive property type. The most expensive property type is "House" followed by "Townhouse". At a price of R 9 800 it is 118 % 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 9 / m² followed by "Townhouse" priced at R 12 / m². "House" is the most affordable type of property with a R 17 / m² value followed by "Townhouse" with an average price of R 12 / m².