Property prices for rent in Butterworth (Penang)
The rent prices in real estate in Butterworth, in the Penang region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Butterworth has fallen during the last 6 months. In October, the average price per sq.feet was RM 1.63. In the following month the price per sq.feet fell to RM 1.51. The price for the following two months in (December, January) fell 95 % with regard to the previous two months. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of RM 1.53 to RM 1.53 during February y March
When referring to the price in Butterworth (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is RM 1,802. In November This price remains at RM 1,748. In the following two months the average price has hardly changed with regard to the previous two months from RM 1,775 to RM 1,730. 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 1,752.5 and RM 1,728.5 between February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of RM 1,710 they are 3 % more affordable than the average price for Butterworth . The properties with the highest average price have 1 bedroom, Their price is 279 % more expensive than the average. After that we have properties with 4 bedrooms priced at RM 1,944.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of RM 1.18 / sq.feet, with an average RM 1.5 / sq.feet price in Butterworth. The properties with the most expensive average prices have 1 bedroom. They are 333383 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 1.83 / sq.feet.
The graph displaying the average rent prices displays the property type "Serviced Residence" as the most affordable one. At an cost of RM 1,710 it is 6 % more affordable than the average price in Butterworth. "Condominium" is seen as the second most affordable property type. The most expensive property type is "Link House" followed by "House". At a price of RM 2,380 it is 1339 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of RM 0.78 / sq.feet followed by "Terraced House" priced at RM 1.09 / sq.feet. "Link House" is the most expensive type of property with a RM 1.93 / sq.feet value followed by "Apartment" with an average price of RM 1.79 / sq.feet.
