The prices in real estate in Brandfort, in the Free State 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 Brandfort has had a strong decrease during the last 6 months. In November, the average price per m² was R 3 504. In December this price pretty much remained the same at a value of R 3 444 per m². In the following two months the price per m² has barely changed, going from R 3 474 to R 3 477 per m². The price per m² has had a considerable deflation of 51 % 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 3 475,5 to R 1 778 during March, and April.
Based upon to the price in Brandfort (cities & towns), this has fallen considerably in the last 6 months. The average price for November is R 677 235. During December the price had a slight fall till R 641 000. In the following two months the average price has remained the same with regard to the previous two months from R 659 117,5 to R 652 135. During the last two months the average price has had a strong fall compared to the previous four going from R 655 626,25 to R 352 250, which means a 54 % fall.