The prices in real estate in Ballito, in the Kwazulu-natal region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per m² in Ballito has remained the same in the last 6 months. In October, the average price per m² was R 20 972. In November this price pretty much remained the same at a value of R 21 997 per m². In the following two months the price per m² has barely changed, going from R 21 484,5 to R 21 787 per m². The price per m² has had a considerable deflation of 81 % 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 m² of R 21 635,75 to R 17 603,5 during February, and March.
Based upon to the price in Ballito (cities & towns), this has gone up in the last 6 months. In our first sample month during October, the average price is R 4 183 400. In November This price remains at R 4 078 536. During the following two months (December, January) the average price had a considerable increase of 125 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of R 4 646 615 and R 4 675 064,5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of R 4 272 391 they are 65 % more affordable than the average price for Ballito. The properties with the highest average price have 4 bedrooms, Their price is 76 % more costly than the average. After that we have properties with 3 bedrooms priced at R 4 252 777.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 10 810 / m², with an average R 14 282 / m² price in Ballito. The properties with the highest average prices have 1 bedroom. They are 72 % more expensive than the average followed by properties with 2 bedrooms with a price at R 19 412 / m².
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of R 4 272 391 it is 68 % cheaper than the average price in Ballito. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of R 4 670 649 it is 61 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of R 9 786 / m² followed by "Flat" priced at R 12 302 / m². "Office" is the most costly type of property with a R 2 223 669 / m² cost followed by "Commercial" with an average price of R 1 183 898 / m².