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 July, 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 (September, October) had a considerable increment of 0 %. The price per m² has had a considerable increase of 2147483647 % 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 to R 12 696 during November, and December.
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 July, is . During August the price went through a considerable rise reaching . During the following two months (September, October) the average price had a considerable increase of 0 % 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 2147483647 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 3 bedrooms. It is 11 % cheaper than the average price of R 1 600 651 in City Of Johannesburg Metro. Based on the bedrooms values, properties with the highest prices are those with 2 bedrooms. They are 15 % more expensive than the average aforementioned.
With regard to the average prices per m² those properties with 3 bedrooms are 45 % cheaper than the average price of (R 6 251 / m²) 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 100 % 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 1 799 486 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 1 536 671 it is 58 % 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 4 102 / m² followed by "Apartment" priced at R 31 025 / m². "Apartment" is the most costly type of property with a R 31 025 / m² cost followed by "House" with an average price of R 4 102 / m².