The rent prices in real estate in Vryheid, 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 Vryheid has risen strongly during the last 6 months. In October, the average price per m² was R 16. In the following month the price per m² rose considerably to R 66. The price for the following two months in (December, January) had a considerable rise of 161 %. The price per m² has had a considerable fall of 28 % 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 53,5 to R 15 during February, and March.
When referring to the price in Vryheid (cities & towns), this has fallen considerably in the last 6 months. The average price for October is R 10 978. During November the price had a considerable fall till R 4 450. During the following two months (December, January) the average price had a considerable fall of 58 % 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 180 % 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 10 967 they are 61 % more affordable than the average price for Vryheid . The properties with the lowest average price have 1 bedroom, Their price is 60 % more affordable than the average. After that we have properties with 2 bedrooms priced at R 4 275.
With regard to the average price per m², those properties with 2 bedrooms are the most expensive ones at a cost of R 31 / m², with an average R 15 / m² price in Vryheid. The properties with the most expensive average prices have 1 bedroom. They are 207 % more expensive than the average followed by properties with 2 bedrooms with a price at R 31 / m².
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of R 10 967 it is 61 % more affordable than the average price in Vryheid. "" is seen as the second most affordable property type. The most affordable property is "" followed by "House". At a price of R 4 275 it is 1 % more affordable than the average price.
According to the average area price by m² the most expensive property type is "House with an average cost of R 31 / m². "House" at an average price of R 31 / m² has the highest price and would be directed at more affluent cities.