Property prices for rent in Nibong Tebal (Penang)
The rent prices in real estate in Nibong Tebal, in the Penang region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Nibong Tebal has had a strong fall during the last 6 months. In October, the average price per sq.feet was RM 1.14. In the following month the price per sq.feet fell considerably to RM 0.92. The price for the following two months in (December, January) had a considerable fall of 72 with regard to the previous two months. The price per sq.feet has risen 112 % 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 0.89 to RM 0.99 during February, and March.
When referring to the price in Nibong Tebal (cities), this has risen considerably in the last 6 months. In our first sample month during October, the average price is RM 1,702. In November This price remains at RM 1,625. During the following two months (December, January) the average price had a considerable rise of 265 % 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 had a strong increase of 279 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 69 % more affordable than the average price of RM 1,886 in Nibong Tebal. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 69 % more affordable than the average aforementioned.
According to average price per property type in Nibong Tebal, "" priced at RM 1,886 is 69 % lower than the average price (RM 6,006) in this city.
