Property prices for rent in Christchurch (Canterbury)
The rent prices in real estate in Christchurch, in the Canterbury region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per m² in Christchurch has risen during the last 6 months. In October, the average price per m² was $3.9. In November this price barely changed remaining at $3.78 per m². In the following two months the price per m² has risen 114 %, going from $3.84 to $4.36 per m². 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 $4.1 to $4.26 during February y March
When referring to the price in Christchurch (suburbs), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $516. In November This price remains at $520. During the following two months (December, January) the price has had an average rise from $518 to $549.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $533.75 and $528 between February and March.
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 $524 they are 13 % more affordable than the average price for Christchurch . The properties with the highest average price have 1 bedroom, Their price is 243 % more expensive than the average. After that we have properties with 4 bedrooms priced at $600.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of $2 / m², with an average $4.22 / m² price in Christchurch. The properties with the most expensive average prices have 1 bedroom. They are 611 % more expensive than the average followed by properties with 2 bedrooms with a price at $3 / 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 $511, which is 2 % cheaper than the average price. "House" has the most affordable price. This price is 2 % 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 $3 / m². "House" with an average price of $3 / m² has the most affordable price and would be directed at less affluent cities.
