The rent prices in real estate in Westville, 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 Westville has risen strongly during the last 6 months. In October, the average price per m² was R 54,29. In the following month the price per m² rose considerably to R 94,31. The price for the following two months in (December, January) had a considerable rise of 129 %. The price per m² has had a considerable fall of 57 % 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 85,18 to R 48,86 during February, and March.
When referring to the price in Westville (cities & towns), there have hardly been any changes in the last 6 months. The average price for October is R 10 405. During November the price had a slight fall till R 9 267. During the following two months (December, January) the average price fell 88 % 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 135 % during the last two months.
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 13 938 they are 51 % more affordable than the average price for Westville . The properties with the highest average price have 3 bedrooms, Their price is 23 % more expensive than the average. After that we have properties with 4 bedrooms priced at R 13 244.
With regard to the average price per m², those properties with 4 bedrooms are the most expensive ones at a cost of R 45 / m², with an average R 41,04 / m² price in Westville. The properties with the most expensive average prices have 1 bedroom. They are 209 % more expensive than the average followed by properties with 2 bedrooms with a price at R 97 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of R 13 938 it is 39 % more affordable than the average price in Westville. "House" is seen as the second most affordable property type. The most expensive property type is "Commercial" followed by "Townhouse". At a price of R 15 936 it is 163 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Land" at an average price of R 40 / m² followed by "House" priced at R 53 / m². "Commercial" is the most expensive type of property with a R 149 / m² value followed by "Apartment" with an average price of R 111 / m².