Property prices for rent in Kwazulu-natal region
The average rent price in the Kwazulu-natal region has remained at pretty much the same value in recent months. Rent prices in this region have remained pretty much the same.
The price per m² in Kwazulu-natal has barely changed in the last 6 months. During October, the average price per m² was R 121,16. In November the price barely changed remaining at R 120,93 per m². The price per m² for the following two months barely changed going from R 121,04 to R 122,93 per m². In the last two months, the price per m² has fallen 94 %. This has been obtained by comparing the price R 121,99 for the first four months of the sample with regard to the previous 4 months and the price R 114,18 per m² for the last two months (February, March).
When referring to the price in Kwazulu-natal (region), this has fallen in the last 6 months. October has an average price of R 14 480. During Novemberthe price had a slight fall till R 12 819. In the following two months the average price practically remained the same compared to the previous two going from R 13 649,5 to R 14 138. During the last two months the average price has not gone through any changes and has gone from R 13 893,75 to R 13 215 during February and March.
The graph displaying the the average rent price per number of bedrooms shows that those with 1 bedroom are the most affordable ones. They are 40 % cheaper than the average price in Kwazulu-natal followed by those with 2 with an average price of R 10 919. The most expensive properties have 4 bedrooms. They are 133 % more expensive than the average followed by those properties with 3 bedrooms priced at R 17 883.
Based on the average price per m² those properties with 4 bedrooms are the most affordable ones with a price of R 84,86 / m² being R 110 / m² the average for Kwazulu-natal. The properties with the highest average price are those with 1 bedroom. These are 25 % more expensive than the average followed by those with 2 bedrooms with a price of R 120,34 / m².
The graph displaying the average rent price according to the property type shows "Land" as the most affordable one. With an average cost of R 13 059 it is 34 % cheaper than the average in Kwazulu-natal. This is followed by "House" with a cost of R 11 898. The most expensive property type is "Flat" and is 111 % more costly than the average, followed by "Townhouse" with a cost of R 20 231.
Based upon the average cost per m² the most affordable property type is "Apartment with a an average price of R 71,14 / m², followed by "Flat" with a price of R 79,95 / m². "House" with an average price of R 130,6 / m² is the most expensive type of property followed by "Commercial" at a price of R 127,52 / m².
