Property prices for rent in Christchurch (Canterbury)
The rent prices in real estate in Christchurch, in the Canterbury 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 Christchurch has risen strongly during the last 6 months. In November, the average price per m² was $3.78. In December this price barely changed remaining at $3.92 per m². The price for the following two months in (January, February) had a considerable rise of 118 %. The price per m² has had a considerable rise of 192 % 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 $4.2 to $8.06 during March, and April.
When referring to the price in Christchurch (suburbs), this has risen considerably in the last 6 months. In our first sample month during November, the average price is $520. In December This price remains at $528. During the following two months (January, February) the price has had an average rise from $524 to $551.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 849 % during the last two months.
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 $8,612 they are 95 % more affordable than the average price for Christchurch . The properties with the lowest average price have 1 bedroom, Their price is 79 % more affordable than the average. After that we have properties with 4 bedrooms priced at $599.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of $1 / m², with an average $11.91 / m² price in Christchurch. The properties with the most expensive average prices have 1 bedroom. They are 143 % more expensive than the average followed by properties with 2 bedrooms with a price at $2 / m².
With regard to the average price based on the property in Christchurch we can see that the most affordable type of property is "House" at $510, which is 94 % cheaper than the average price. "House" has the most affordable price. This price is 94 % more affordable than the average price aforementioned.
According to the average area price by m² the most affordable property type is "House with an average cost of $2 / m². "House" with an average price of $2 / m² has the most affordable price and would be directed at less affluent cities.
