The prices in real estate in Albert Falls, in the Kwazulu-natal 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 Albert Falls has had a strong decrease during the last 6 months. In November, the average price per m² was R 1 200. In the following month the price per m² decreased considerably to R 960. The price for the following two months in (January, February) had a considerable decrease of 43 with regard to the prior two months. The price per m² has had a considerable deflation of 0 % 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 771 to during March, and April.
Based upon to the price in Albert Falls (cities & towns), this has fallen considerably in the last 6 months. The average price during our first sample month during November, is R 1 796 667. During December the price went through a considerable rise reaching R 2 285 000. During the following two months (January, February) the average price had a considerable reduction of 54 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from R 1 572 916,75 to , which means a 0 % fall.