The prices in real estate in Alberton, 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 Alberton has remained the same in the last 6 months. In October, the average price per m² was R 9 990. In November this price pretty much remained the same at a value of R 9 968 per m². In the following two months the price per m² has increased 107 %, going from R 9 979 to R 10 640 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 10 309,5 to R 10 245 during February y March
Based upon to the price in Alberton (cities & towns), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is R 1 380 052. During November the price went through a considerable rise reaching R 1 689 359. During the following two months (December, January) the price has had an average incrementation from R 1 534 705,5 to R 1 613 792,5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of R 1 574 249 and R 1 597 698 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of R 1 713 872 they are 53 % more affordable than the average price for Alberton. The properties with the highest average price have 4 bedrooms, Their price is 84 % more costly than the average. After that we have properties with 1 bedroom priced at R 1 709 163.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 8 483 / m², with an average R 10 291 / m² price in Alberton. The properties with the highest average prices have 1 bedroom. They are 14909 % more expensive than the average followed by properties with 2 bedrooms with a price at R 10 687 / m².
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of R 1 713 872 it is 64 % cheaper than the average price in Alberton. "Apartment" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of R 2 069 991 it is 1389 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Commercial" at an average cost of R 3 113 / m² followed by "Flat" priced at R 7 380 / m². "Industrial property" is the most costly type of property with a R 110 722 / m² cost followed by "Townhouse" with an average price of R 10 702 / m².