The prices in real estate in Bethal, in the Mpumalanga 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 Bethal has increased strongly during the last 6 months. In October, the average price per m² was R 908. In the following month the price per m² increased considerably to R 3 134. The price for the following two months in (December, January) had a considerable increment of 155 %. The price per m² has had a considerable increase of 151 % 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 2 574,75 to R 3 900,5 during February, and March.
Based upon to the price in Bethal (cities & towns), this has fallen considerably in the last 6 months. The average price for October is R 1 662 750. During November the price had a considerable reduction till R 1 198 500. During the following two months (December, January) the average price had a considerable reduction of 75 % 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 1 249 511,75 and R 1 305 333,5 between February and March.