The prices in real estate in City Of Johannesburg Metro, in the Gauteng region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in City Of Johannesburg Metro has increased strongly during the last 6 months. In August, the average price per m² was . In the following month the price per m² increased considerably to . The price for the following two months in (October, November) had a considerable increment of 2147483647 %. The price per m² has had a considerable increase of 334 % 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 3 491,75 to R 11 675 during December, and January.
Based upon to the price in City Of Johannesburg Metro (cities & towns), this has gone up considerably in the last 6 months. The average price during our first sample month during August, is . During September the price went through a considerable rise reaching . During the following two months (October, November) the average price had a considerable increase of 2147483647 % 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 risen strongly 393 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of R 1 787 391 they are 11 % more affordable than the average price for City Of Johannesburg Metro. Based on the bedrooms values, properties with the highest prices are those with 4 bedrooms. They are 10 % more expensive than the average aforementioned.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of R 6 311 / m², with an average R 11 925 / m² price in City Of Johannesburg Metro. Properties with the most expensive price based upon to the number of bedrooms / m² are those with 2 bedrooms. They are 89 % more costly than the average value aforementioned.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of R 1 787 391 it is 15 % cheaper than the average price in City Of Johannesburg Metro. "Apartment" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "House". At a price of R 1 520 128 it is 63 % 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 4 234 / m² followed by "Apartment" priced at R 32 119 / m². "Apartment" is the most costly type of property with a R 32 119 / m² cost followed by "House" with an average price of R 4 234 / m².