The prices in real estate in Aliwal North, in the Eastern Cape region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in Aliwal North has increased strongly during the last 6 months. In November, the average price per m² was R 3 623. In the following month the price per m² increased considerably to R 100 971. The price for the following two months in (January, February) had a considerable decrease of 13 with regard to the prior two months. The price per m² has had a considerable deflation of 29 % 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 29 431,25 to R 8 560 during March, and April.
Based upon to the price in Aliwal North (cities & towns), this has fallen considerably in the last 6 months. The average price for November is R 1 565 000. During December the price had a considerable reduction till R 1 289 750. During the following two months (January, February) the average price had a considerable reduction of 83 % with regard to the previous two months. 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 1 304 625 and R 1 275 833,5 between March and April.