The prices in real estate in Cape St Francis, in the Eastern Cape 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 Cape St Francis has remained the same in the last 6 months. In October, the average price per m² was R 6 863. In the following month the price per m² increased considerably to R 11 114. The price for the following two months in (December, January) had a considerable decrease of 62 with regard to the prior two months. The price per m² has had a considerable deflation of 77 % 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 7 280,75 to R 5 631 during February, and March.
Based upon to the price in Cape St Francis (cities & towns), this has fallen considerably in the last 6 months. The average price for October is R 6 730 000. During November the price had a slight fall till R 6 070 833. During the following two months (December, January) the average price had a considerable reduction of 78 % 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 5 688 958 to R 2 328 125, which means a 41 % fall.