The prices in real estate in City Of Johannesburg Metro, in the Gauteng 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 City Of Johannesburg Metro has increased strongly during the last 6 months. In September, the average price per m² was . In the following month the price per m² increased considerably to . The price for the following two months in (November, December) had a considerable increment of 2147483647 %. The price per m² has had a considerable increase of 142 % 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 6 348 to R 9 035 during January, and February.
Based upon to the price in City Of Johannesburg Metro (cities & towns), this has gone up considerably in the last 6 months. The average price during our first sample month during September, is . During October the price went through a considerable rise reaching . During the following two months (November, December) the average price had a considerable increase of 2147483647 % 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 184 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 2 bedrooms. It is 9 % cheaper than the average price of R 1 403 588 in City Of Johannesburg Metro. Based on the bedrooms values, properties with the lowest prices are those with 3 bedrooms. They are 7 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 3 bedrooms are 37 % cheaper than the average price of (R 3 845 / m²) in City Of Johannesburg Metro. Properties with the most expensive price based upon to the number of bedrooms / m² are those with 2 bedrooms. They are 156 % more costly than the average value aforementioned.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of R 1 548 023 it is 6 % cheaper than the average price in City Of Johannesburg Metro. "Apartment" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "House". At a price of R 1 461 208 it is 88 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of R 3 564 / m² followed by "Apartment" priced at R 32 086 / m². "Apartment" is the most costly type of property with a R 32 086 / m² cost followed by "House" with an average price of R 3 564 / m².