The prices in real estate in Drakensberg, in the Kwazulu-natal 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 Drakensberg has had a strong decrease during the last 6 months. In October, the average price per m² was R 2 778. In the following month the price per m² decreased considerably to R 2 358. The price for the following two months in (December, January) had a considerable decrease of 49 with regard to the prior two months. The price per m² has had a considerable deflation of 73 % 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 1 917,5 to R 1 391,5 during February, and March.
Based upon to the price in Drakensberg (cities & towns), this has fallen considerably in the last 6 months. The average price for October is R 1 350 000. During November the price had a considerable reduction till R 925 000. During the following two months (December, January) the average price had a considerable reduction of 46 % 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 831 250 to R 660 000, which means a 79 % fall.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 700 % more costly than the average price of R 10 562 078 in Drakensberg. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 700 % more expensive than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 385 % more costly than the average price of (R 13 505 / m²) in Drakensberg. Properties with the most expensive price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 385 % more costly than the average value aforementioned.
With regard to the average price based upon the property in Drakensberg we can see that most expensive property type is "House" at a price of R 10 562 078, they are 700 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 700 % more expensive than the average price aforementioned.
According to the average area price by m² the most costly property type is "House with an average price of R 13 505 / m². "House" at an average price of R 13 505 / m² has the most expensive price and would be directed at more affluent cities.