Property prices for sale in Soshanguve (Gauteng)

The prices in real estate in Soshanguve, 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.

R 588 972,17
Average price last 6 months
R 6 260,83
Price/m² last 6 months
Average price per m2

The price per m² in Soshanguve has had a strong decrease during the last 6 months. In September, the average price per m² was R 8 169. In October this price pretty much remained the same at a value of R 8 155 per m². The price for the following two months in (November, December) had a considerable decrease of 78 with regard to the prior two months. The price per m² has had a considerable deflation of 58 % 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 7 268,5 to R 4 245,5 during January, and February.

Average price

Based upon to the price in Soshanguve (cities & towns), this has gone downing the last 6 months. In our first sample month during September, the average price is R 640 386. In October This price remains at R 632 836. During the following two months (November, December) the average price fell 94 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 86 %, going from R 618 460 to R 529 996,5 in January and February.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of R 536 461 they are 56 % more affordable than the average price for Soshanguve. The properties with the highest average price have 4 bedrooms, Their price is 47 % more costly than the average. After that we have properties with 3 bedrooms priced at R 719 773.

With regard to the average price per m² , those properties with 1 bedroom are the cheapest ones at a cost of R 2 002 / m², with an average R 5 251 / m² price in Soshanguve. The properties with the lowest average prices have 3 bedrooms. They are 7 % cheaper than the average followed by properties with 4 bedrooms with a price at R 4 578 / m².

Price per property type

The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of R 536 461 it is 58 % cheaper than the average price in Soshanguve. "Land" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Land". At a price of R 284 930 it is 1 % more affordable than the average price.

According to the average cost per m², the cheapest property type is "Land" at an average cost of R 933 / m² followed by "House" priced at R 5 145 / m². "Apartment" is the most costly type of property with a R 226 567 / m² cost followed by "House" with an average price of R 5 145 / m².

Charts data
Average price February
Average price per m² February
Number of properties used in Soshanguve
Number of properties used in region Gauteng
R 536 461
R 5 251
2 966
615 080
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value