The rent prices in real estate in Ayer Itam, in the Penang 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 sq.feet in Ayer Itam has risen during the last 6 months. In September, the average price per sq.feet was RM 1.21. In October this price barely changed remaining at RM 1.27 per sq.feet. In the following two months the price per sq.feet has risen 106 %, going from RM 1.24 to RM 1.31 per sq.feet. The price per sq.feet has risen 107 % 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 sq.feet of RM 1.27 to RM 1.37 during January, and February.
When referring to the price in Ayer Itam (cities), there have hardly been any changes in the last 6 months. The average price for September is RM 1,958. During October the price had a slight fall till RM 1,820. In the following two months the average price has hardly changed with regard to the previous two months from RM 1,889 to RM 1,914.5. 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 RM 1,901.75 and RM 1,850.5 between January and February.
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 RM 1,875 they are 56 % more affordable than the average price for Ayer Itam . The properties with the highest average price have 4 bedrooms, Their price is 6 % more expensive than the average. After that we have properties with 3 bedrooms priced at RM 1,282.
According to average price per property type in Ayer Itam, "" priced at RM 1,812 is 3 % lower than the average price (RM 1,875) in this city.