The prices in real estate in Ballito, in the Kwazulu-natal region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per m² in Ballito has increased during the last 6 months. In December, the average price per m² was R 17 027. In the following month the price per m² increased to R 19 457. In the following two months the price per m² has barely changed, going from R 18 242 to R 18 695 per m². The price per m² has decreased 93 % 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 18 468,5 to R 17 259 during April, and May.
Based upon to the price in Ballito (cities & towns), these have remained the same in the last 6 months. The average price during our first sample month during December, is R 4 413 850. During January the price went through a considerable rise reaching R 5 148 500. During the following two months (February, March) the average price fell 93 % 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 4 618 819 to R 3 908 487, which means a 85 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of R 3 646 256 they are 65 % more affordable than the average price for Ballito. The properties with the highest average price have 4 bedrooms, Their price is 66 % more costly than the average. After that we have properties with 3 bedrooms priced at R 3 597 488.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 15 972 / m², with an average R 17 453 / m² price in Ballito. The properties with the highest average prices have 1 bedroom. They are 21 % more expensive than the average followed by properties with 2 bedrooms with a price at R 19 776 / m².
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of R 3 646 256 it is 62 % cheaper than the average price in Ballito. "Flat" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of R 4 034 556 it is 44 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Land" at an average cost of R 1 556 / m² followed by "Commercial" priced at R 2 731 / m². "Apartment" is the most costly type of property with a R 19 691 / m² cost followed by "Flat" with an average price of R 19 099 / m².