The prices in real estate in Dundee, in the Kwazulu-natal region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in Dundee has fallen in the last 6 months. In October, the average price per m² was R 1 744. In the following month the price per m² decreased considerably to R 1 406. The price for the following two months in (December, January) had a considerable increment of 119 %. 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 1 723,75 to R 1 265,5 during February, and March.
Based upon to the price in Dundee (cities & towns), these have remained the same in the last 6 months. The average price for October is R 1 426 417. During November the price had a slight fall till R 1 273 000. In the following two months the average price has remained the same with regard to the previous two months from R 1 349 708,5 to R 1 306 019. Based on an analysis of the first four prices and the last two months the average price has risen strongly 124 % 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 1 427 000 they are 8 % more affordable than the average price for Dundee. The properties with the highest average price have 1 bedroom, Their price is 78 % more costly than the average. After that we have properties with 2 bedrooms priced at R 1 316 723.
With regard to the average price per m² , those properties with 2 bedrooms are the most costly ones at a cost of R 1 142 221 / m², with an average R 877 / m² price in Dundee. The properties with the highest average prices have 1 bedroom. They are 289611 % more expensive than the average followed by properties with 2 bedrooms with a price at R 1 142 221 / m².
With regard to the average price based upon the property in Dundee we can see that the cheapest property type is "House" at a price of R 1 316 723, they are 8 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 8 % more affordable 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 1 142 221 / m². "House" at an average price of R 1 142 221 / m² has the most expensive price and would be directed at more affluent cities.