The rent prices in real estate in Witbank, in the Mpumalanga region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per m² in Witbank has fallen during the last 6 months. In October, the average price per m² was R 85,63. In the following month the price per m² fell to R 79,43. The price for the following two months in (December, January) had a considerable fall of 82 with regard to the previous two months. The price per m² has hardly changed in the last two months compared to the average price of the previous four months going from an average price of R 75,06 to R 78,25 during February y March
When referring to the price in Witbank (cities & towns), this has fallen in the last 6 months. The rent price in October is R 17 730, rising in November till R 20 206. During the following two months (December, January) the average price had a considerable fall of 77 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from R 16 746,75 to R 13 562,5, which means a 81 % fall.
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 14 926 they are 57 % more affordable than the average price for Witbank . The properties with the highest average price have 4 bedrooms, Their price is 31 % more expensive than the average. After that we have properties with 3 bedrooms priced at R 10 172.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 20 / m², with an average R 74,77 / m² price in Witbank. The properties with the most expensive average prices have 1 bedroom. They are 11068 % more expensive than the average followed by properties with 2 bedrooms with a price at R 71 / m².
The graph displaying the average rent prices displays the property type "Flat" as the most affordable one. At an cost of R 14 926 it is 58 % more affordable than the average price in Witbank. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "Commercial" followed by "Apartment". At a price of R 16 807 it is 33 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Commercial" at an average price of R 27 / m² followed by "Flat" priced at R 31 / m². "House" is the most expensive type of property with a R 4 149 / m² value followed by "Apartment" with an average price of R 151 / m².