The prices in real estate in Delmas, in the Mpumalanga 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 Delmas has had a strong decrease during the last 6 months. In October, the average price per m² was R 3 869. In the following month the price per m² decreased considerably to R 2 748. The price for the following two months in (December, January) had a considerable decrease of 50 with regard to the prior two months. The price per m² has had a considerable deflation of 66 % 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 2 481,5 to R 1 642 during February, and March.
Based upon to the price in Delmas (cities & towns), this has gone downing the last 6 months. The price in October is R 1 480 222, rising in November till R 1 641 105. During the following two months (December, January) the average price had a considerable reduction of 82 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 92 %, going from R 1 419 258 to R 1 305 342,5 in February and March.
The graph showing the average price for bedrooms displays the property with the lowest price has 2 bedrooms. It is 39 % cheaper than the average price of R 806 186 in Delmas. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 27 % more expensive than the average aforementioned.
With regard to the average prices per m² those properties with 2 bedrooms are 23 % cheaper than the average price of (R 1 209 / m²) in Delmas. Properties with the most expensive price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 107477 % more costly than the average value aforementioned.