The rent prices in real estate in Welkom, in the Free State 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 Welkom has risen strongly during the last 6 months. In October, the average price per m² was R 5 335. In the following month the price per m² rose considerably to R 35 921. The price for the following two months in (December, January) had a considerable rise of 230 %. The price per m² has risen 106 % 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 33 995,5 to R 35 980 during February, and March.
When referring to the price in Welkom (cities & towns), this has risen considerably in the last 6 months. The average price during our first sample month during October, is R 6 197. During November the price went through a considerable rise reaching R 49 190. During the following two months (December, January) the average price had a considerable rise of 211 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 90 %, going from R 43 057,75 to R 38 814,5 in February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of R 37 443 they are 96 % more affordable than the average price for Welkom . The properties with the highest average price have 1 bedroom, Their price is 5 % more expensive than the average. After that we have properties with 2 bedrooms priced at R 4 192.
With regard to the average price per m², those properties with 2 bedrooms are the most affordable ones at a cost of R 33 / m², with an average R 35 837 / m² price in Welkom. The properties with the most expensive average prices have 1 bedroom. They are 10 % more expensive than the average followed by properties with 2 bedrooms with a price at R 33 / m².
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of R 37 443 it is 96 % more affordable than the average price in Welkom. "Farm" is seen as the second most affordable property type. The most affordable property is "Farm" followed by "". At a price of R 1 436 it is 89 % more affordable than the average price.
According to the average area price by m² the most affordable property type is "Farm with an average cost of R 21 / m². "Farm" with an average price of R 21 / m² has the most affordable price and would be directed at less affluent cities.