The prices in real estate in East Rand, 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 East Rand has increased strongly during the last 6 months. In August, the average price per m² was R 4 976. In the following month the price per m² increased considerably to R 6 647. The price for the following two months in (October, November) had a considerable increment of 881 %. The price per m² has had a considerable increase of 139 % 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 28 510,75 to R 39 649 during December, and January.
Based upon to the price in East Rand (cities & towns), this has gone up considerably in the last 6 months. The average price for August is R 3 013 855. During September the price had a considerable reduction till R 947 966. During the following two months (October, November) the average price had a considerable increase of 8494 % 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 157 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 0 % cheaper than the average price of R 261 416 449 in East Rand. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 0 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 0 % cheaper than the average price of (R 72 151 / m²) in East Rand. Properties with the most affordable price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 0 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of R 261 416 449 it is 0 % cheaper than the average price in East Rand. "Commercial Property" is seen as the second most affordable property type. The dearest property type is "Commercial Property" followed by "Apartment". At a price of R 261 416 449 it is 28 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Apartment" at an average cost of R 72 151 / m² followed by "Commercial Property" priced at R 93 710 / m². "Commercial Property" is the most costly type of property with a R 93 710 / m² cost followed by "Apartment" with an average price of R 72 151 / m².