Property prices for sale in Durban (Kwazulu-natal)

The prices in real estate in Durban, in the Kwazulu-natal region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.

R 1 744 612,83
Average price last 6 months
R 13 326,5
Price/m² last 6 months
Average price per m2

The price per m² in Durban has remained the same in the last 6 months. In September, the average price per m² was R 13 071. In October this price pretty much remained the same at a value of R 13 479 per m². In the following two months the price per m² has barely changed, going from R 13 275 to R 13 423,5 per m². The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of R 13 349,25 to R 13 281 during January y February

Average price

Based upon to the price in Durban (cities & towns), these have remained the same in the last 6 months. In our first sample month during September, the average price is R 1 741 394. In October This price remains at R 1 696 605. In the following two months the average price has remained the same with regard to the previous two months from R 1 718 999,5 to R 1 686 890,5. Based on an analysis of the first four prices and the last two months the average price has gone up 107 % during the last two months.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of R 1 683 939 they are 54 % more affordable than the average price for Durban. The properties with the highest average price have 4 bedrooms, Their price is 105 % more costly than the average. After that we have properties with 3 bedrooms priced at R 2 093 613.

With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 11 130 / m², with an average R 12 866 / m² price in Durban. The properties with the highest average prices have 1 bedroom. They are 11 % more expensive than the average followed by properties with 2 bedrooms with a price at R 14 284 / m².

Price per property type

The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of R 1 683 939 it is 45 % cheaper than the average price in Durban. "Apartment" is seen as the second most affordable property type. The dearest property type is "Office" followed by "House". At a price of R 2 424 075 it is 297 % more expensive than the average price.

According to the average cost per m², the cheapest property type is "Office" at an average cost of R 6 340 / m² followed by "House" priced at R 9 603 / m². "Apartment" is the most costly type of property with a R 14 545 / m² cost followed by "Townhouse" with an average price of R 12 918 / m².

Charts data
Average price February
Average price per m² February
Number of properties used in Durban
Number of properties used in region Kwazulu-natal
R 1 683 939
R 12 866
79 680
206 880
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value