The rent prices in real estate in White River, in the Mpumalanga 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 White River has risen strongly during the last 6 months. In September, the average price per m² was R 54,09. In October this price barely changed remaining at R 53,79 per m². In the following two months the price per m² has risen 114 %, going from R 53,94 to R 61,43 per m². The price per m² has had a considerable rise of 177 % 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 57,68 to R 102,28 during January, and February.
When referring to the price in White River (cities & towns), this has risen considerably in the last 6 months. In our first sample month during September, the average price is R 24 790. In October This price remains at R 24 950. During the following two months (November, December) the average price had a considerable rise of 117 % 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 125 % 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 40 333 they are 86 % more affordable than the average price for White River . The properties with the lowest average price have 4 bedrooms, Their price is 41 % more affordable than the average. After that we have properties with 3 bedrooms priced at R 12 886.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of R 46 / m², with an average R 104,33 / m² price in White River. The properties with the most affordable average prices have 2 bedrooms. They are 4 % more affordable than the average followed by properties with 1 bedroom with a price at R 95 / m².
The graph displaying the average rent prices displays the property type "Farm" as the most affordable one. At an cost of R 40 333 it is 78 % more affordable than the average price in White River. "Land" is seen as the second most affordable property type. The most affordable property is "House" followed by "Apartment". At a price of R 9 002 it is 51 % more affordable than the average price.
According to the average cost per m², the most affordable property is "Farm" at an average price of R 42 / m² followed by "Land" priced at R 47 / m². "House" is the most expensive type of property with a R 1 568 / m² value followed by "Apartment" with an average price of R 57 / m².