The rent prices in real estate in Valdor, 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 Valdor has had a strong fall during the last 6 months. In September, the average price per sq.feet was RM 1.55. In the following month the price per sq.feet fell to RM 1.43. The price for the following two months in (November, December) had a considerable fall of 63 with regard to the previous two months. The price per sq.feet has had a considerable fall of 57 % 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 1.22 to RM 0.69 during January, and February.
When referring to the price in Valdor (cities), this has fallen considerably in the last 6 months. The average price for September is RM 13,878. During October the price had a slight fall till RM 12,917. During the following two months (November, December) the average price had a considerable fall of 35 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from RM 9,020.75 to RM 1,580.5, which means a 18 % fall.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 48 % more affordable than the average price of RM 817 in Valdor. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 48 % more affordable than the average aforementioned.
According to average price per property type in Valdor, "" priced at RM 817 is 48 % lower than the average price (RM 1,575) in this city.