Property prices for sale in Johannesburg (Gauteng)
The prices in real estate in Johannesburg, in the Gauteng 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 Johannesburg has remained the same in the last 6 months. In October, the average price per m² was R 12 110. In November this price pretty much remained the same at a value of R 12 631 per m². In the following two months the price per m² has barely changed, going from R 12 370,5 to R 12 298 per m². The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of R 12 334,25 to R 12 702 during February y March
Based upon to the price in Johannesburg (cities & towns), this has gone up in the last 6 months. The price in October is R 1 559 891, rising in November till R 1 639 476. In the following two months the average price has remained the same with regard to the previous two months from R 1 599 683,5 to R 1 568 668. Based on an analysis of the first four prices and the last two months the average price has gone up 111 % 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 1 580 889 they are 53 % more affordable than the average price for Johannesburg. The properties with the highest average price have 4 bedrooms, Their price is 147 % more costly than the average. After that we have properties with 3 bedrooms priced at R 1 949 827.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 8 930 / m², with an average R 11 938 / m² price in Johannesburg. The properties with the highest average prices have 1 bedroom. They are 10 % more expensive than the average followed by properties with 2 bedrooms with a price at R 12 529 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of R 1 580 889 it is 25 % cheaper than the average price in Johannesburg. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Office". At a price of R 6 178 291 it is 516 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Office" at an average cost of R 4 790 / m² followed by "Commercial" priced at R 8 969 / m². "Apartment" is the most costly type of property with a R 13 657 / m² cost followed by "Flat" with an average price of R 13 470 / m².
