The prices in real estate in Burgersfort, 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 Burgersfort has increased strongly during the last 6 months. In October, the average price per m² was R 7 964. In the following month the price per m² increased considerably to R 10 668. The price for the following two months in (December, January) had a considerable increment of 10500 %. The price per m² has had a considerable increase of 361 % 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 493 753 to R 1 783 133,5 during February, and March.
Based upon to the price in Burgersfort (cities & towns), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is R 2 748 969. During November the price went through a considerable rise reaching R 3 356 250. During the following two months (December, January) the average price had a considerable increase of 136 % 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 208 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of R 8 068 400 they are 53 % more affordable than the average price for Burgersfort. The properties with the lowest average price have 1 bedroom, Their price is 53 % cheaper than the average. After that we have properties with 2 bedrooms priced at R 3 762 204.
With regard to the average price per m² , those properties with 2 bedrooms are the cheapest ones at a cost of R 6 655 / m², with an average R 1 944 479 / m² price in Burgersfort. The properties with the lowest average prices have 1 bedroom. They are 100 % cheaper than the average followed by properties with 2 bedrooms with a price at R 6 655 / m².
With regard to the average price based upon the property in Burgersfort we can see that the cheapest property type is "House" at a price of R 3 762 204, they are 53 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 53 % more affordable than the average price aforementioned.
According to the average area cost by m² the cheapest property type is "House with an average price of R 6 655 / m². "House" with an average cost of R 6 655 / m² has the lowest price and would be directed at less affluent cities.