The prices in real estate in Heidelberg, in the Gauteng region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per m² in Heidelberg has had a strong decrease during the last 6 months. In October, the average price per m² was R 5 154. In the following month the price per m² decreased to R 4 630. The price for the following two months in (December, January) had a considerable decrease of 54 with regard to the prior two months. The price per m² has increased 112 % 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 3 771 to R 4 223 during February, and March.
Based upon to the price in Heidelberg (cities & towns), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is R 1 123 750. In November This price remains at R 1 093 194. During the following two months (December, January) the price has had an average incrementation from R 1 108 472 to R 1 213 762. Based on an analysis of the first four prices and the last two months the average price has risen strongly 127 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of R 1 407 526 they are 71 % more affordable than the average price for Heidelberg. The properties with the highest average price have 4 bedrooms, Their price is 51 % more costly than the average. After that we have properties with 3 bedrooms priced at R 1 102 042.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of R 3 815 / m², with an average R 4 917 / m² price in Heidelberg. The properties with the highest average prices have 1 bedroom. They are 36 % more expensive than the average followed by properties with 2 bedrooms with a price at R 5 114 / m².
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of R 1 407 526 it is 73 % cheaper than the average price in Heidelberg. "Apartment" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Townhouse". At a price of R 2 001 079 it is 320 % 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 4 019 / m² followed by "Flat" priced at R 5 343 / m². "Commercial" is the most costly type of property with a R 678 238 / m² cost followed by "Apartment" with an average price of R 6 036 / m².