Property prices for rent in Johor Bahru (Johor)
The rent prices in real estate in Johor Bahru, in the Johor 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 sq.feet in Johor Bahru has risen strongly during the last 6 months. In October, the average price per sq.feet was RM 1.73. In the following month the price per sq.feet rose to RM 1.96. The price for the following two months in (December, January) had a considerable rise of 116 %. 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 2 to RM 2.01 during February y March
When referring to the price in Johor Bahru (cities), this has risen considerably in the last 6 months. In our first sample month during October, the average price is RM 2,033. In November This price remains at RM 2,050. During the following two months (December, January) the average price had a considerable rise of 116 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has increased 113 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of RM 2,852 they are 41 % more affordable than the average price for Johor Bahru . The properties with the lowest average price have 4 bedrooms, Their price is 7 % more affordable than the average. After that we have properties with 3 bedrooms priced at RM 2,176.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of RM 1.57 / sq.feet, with an average RM 2.08 / sq.feet price in Johor Bahru. The properties with the most expensive average prices have 1 bedroom. They are 63 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 2.46 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of RM 2,852 it is 37 % more affordable than the average price in Johor Bahru. "Terraced House" is seen as the second most affordable property type. The most expensive property type is "Commercial" followed by "Condominium". At a price of RM 4,230 it is 355 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Link House" at an average price of RM 1.38 / sq.feet followed by "Commercial" priced at RM 1.41 / sq.feet. "House" is the most expensive type of property with a RM 2.37 / sq.feet value followed by "Terraced House" with an average price of RM 2.23 / sq.feet.
