The rent prices in real estate in Zimbali, in the Kwazulu-natal 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 Zimbali has had a strong fall during the last 6 months. In November, the average price per m² was R 41 601. In the following month the price per m² fell considerably to R 16 682. The price for the following two months in (January, February) had a considerable fall of 0 with regard to the previous two months. 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 14 636,25 to R 8 406,5 during March, and April.
When referring to the price in Zimbali (cities & towns), this has fallen considerably in the last 6 months. The average price for November is R 41 601. During December the price had a considerable fall till R 24 150. In the following two months the average price has hardly changed with regard to the previous two months from R 32 875,5 to R 31 686. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 86 %, going from R 32 280,75 to R 27 918 in March and April.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 9 % more affordable than the average price of R 21 878 in Zimbali. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 9 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 31 % more expensive than the average price of (R 21 878 / m²) in Zimbali. Properties with the most expensive price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 31 % more expensive than the average value aforementioned.