The rent prices in real estate in Halifax, in the Nova Scotia 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 Halifax has had a strong fall during the last 6 months. In December, the average price per sq.feet was $785.76. In the following month the price per sq.feet rose to $848.3. The price for the following two months in (February, March) had a considerable fall of 51 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 $616.41 to $630.55 during April y May
When referring to the price in Halifax (cities), this has fallen considerably in the last 6 months. In our first sample month during December, the average price is $1,527. In January This price remains at $1,488. During the following two months (February, March) the average price had a considerable fall of 51 % 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 129 % 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 $1,453 they are 23 % more affordable than the average price for Halifax . The properties with the highest average price have 2 bedrooms, Their price is 38 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,854.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.66 / sq.feet, with an average $617.06 / sq.feet price in Halifax. The properties with the most expensive average prices have 4 bedrooms. They are 37 % more expensive than the average followed by properties with 1 bedroom with a price at $1.86 / sq.feet.
With regard to the average price based upon the property in Halifax we can see that the least affordable property type is "House" at a price of $1,482, they are 2 % more expensive than the average price of (!PRECIO2!). "House" has the most expensive price. This price is 2 % more expensive than the average price aforementioned.
According to the average area price by sq.feet the most expensive property type is "House with an average cost of $845 / sq.feet. "House" at an average price of $845 / sq.feet has the highest price and would be directed at more affluent cities.