The rent prices in real estate in Yzerfontein, in the Western Cape region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per m² in Yzerfontein has had a strong fall during the last 6 months. In October, the average price per m² was R 1 087,7. In the following month the price per m² rose considerably to R 2 040,01. The price for the following two months in (December, January) had a considerable fall of 46 with regard to the previous two months. The price per m² has had a considerable fall of 5 % 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 1 140,22 to R 60 during February, and March.
When referring to the price in Yzerfontein (cities & towns), this has fallen considerably in the last 6 months. The average price for October is R 23 917. During November the price had a slight fall till R 20 833. During the following two months (December, January) the average price had a considerable fall of 79 % 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 20 011 to R 12 083,5, which means a 60 % 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 11 131 they are 40 % more affordable than the average price for Yzerfontein . The properties with the highest average price have 1 bedroom, Their price is 14 % more expensive than the average. After that we have properties with 2 bedrooms priced at R 6 710.
With regard to the average price per m², those properties with 2 bedrooms are the most affordable ones at a cost of R 27 / m², with an average R 40 / m² price in Yzerfontein. The properties with the most expensive average prices have 1 bedroom. They are 31593 % more expensive than the average followed by properties with 2 bedrooms with a price at R 27 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of R 11 131 it is 40 % more affordable than the average price in Yzerfontein. "Land" is seen as the second most affordable property type. The most affordable property is "House" followed by "Land". At a price of R 6 675 it is 40 % more affordable than the average price.
According to the average cost per m², the most affordable property is "Apartment" at an average price of R 17 / m² followed by "Land" priced at R 22 / m². "House" is the most affordable type of property with a R 27 / m² value followed by "Land" with an average price of R 22 / m².