The prices in real estate in Bulwer, in the Kwazulu-natal 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 Bulwer has remained the same in the last 6 months. In October, the average price per m² was R 8 483. In November this price pretty much remained the same at a value of R 8 269 per m². In the following two months the price per m² has barely changed, going from R 8 376 to R 8 103,5 per m². The price per m² has had a considerable increase of 119 % 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 8 239,75 to R 9 845 during February, and March.
Based upon to the price in Bulwer (cities & towns), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is R 747 500. In November This price remains at R 727 500. During the following two months (December, January) the average price had a considerable increase of 130 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 119 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 41 % cheaper than the average price of R 542 045 in Bulwer. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 41 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 3 % cheaper than the average price of (R 10 240 / m²) in Bulwer. Properties with the most affordable price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 3 % cheaper than the average value aforementioned.