The rent prices in real estate in Wilderness, in the Western Cape 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 Wilderness has risen strongly during the last 6 months. In October, the average price per m² was R 54,49. In the following month the price per m² fell considerably to R 44. The price for the following two months in (December, January) had a considerable rise of 119 %. The price per m² has had a considerable rise of 156 % 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 53,87 to R 84 during February, and March.
When referring to the price in Wilderness (cities & towns), this has fallen considerably in the last 6 months. The average price for October is R 22 250. During November the price had a considerable fall till R 13 097. During the following two months (December, January) the price has had an average rise from R 17 673,5 to R 19 941. During the last two months the average price has fallen greatly compared to the previous four going from R 18 807,25 to R 13 031, which means a 69 % fall.
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 13 200 they are 33 % more affordable than the average price for Wilderness . The properties with the highest average price have 2 bedrooms, Their price is 1 % more expensive than the average. After that we have properties with 1 bedroom priced at R 8 856.
With regard to the average price per m², those properties with 2 bedrooms are the most affordable ones at a cost of R 54 / m², with an average R 58 / m² price in Wilderness. The properties with the most expensive average prices have 1 bedroom. They are 5134 % more expensive than the average followed by properties with 2 bedrooms with a price at R 54 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of R 13 200 it is 3 % more affordable than the average price in Wilderness. "House" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Farm". At a price of R 16 933 it is 29 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Farm" at an average price of R 3 / m² followed by "Apartment" priced at R 5 / m². "House" is the most affordable type of property with a R 54 / m² value followed by "Townhouse" with an average price of R 8 / m².