The prices in real estate in Emalahleni, in the Mpumalanga 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 Emalahleni has increased strongly during the last 6 months. In October, the average price per m² was . In the following month the price per m² increased considerably to . The price for the following two months in (December, January) had a considerable increment of 2147483647 %. The price per m² has had a considerable increase of 409 % 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 1 528 to R 6 252 during February, and March.
Based upon to the price in Emalahleni (cities & towns), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is . During November the price went through a considerable rise reaching . During the following two months (December, January) the average price had a considerable increase of 2147483647 % 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 748 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of R 805 308 they are 46 % more affordable than the average price for Emalahleni. The properties with the highest average price have 4 bedrooms, Their price is 128 % more costly than the average. After that we have properties with 3 bedrooms priced at R 1 331 022.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 4 993 / m², with an average R 7 325 / m² price in Emalahleni. The properties with the highest average prices have 1 bedroom. They are 19 % more expensive than the average followed by properties with 2 bedrooms with a price at R 8 355 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of R 805 308 it is 24 % cheaper than the average price in Emalahleni. "Flat" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of R 1 449 116 it is 99 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of R 5 759 / m² followed by "Land" priced at R 6 717 / m². "Flat" is the most costly type of property with a R 8 645 / m² cost followed by "Apartment" with an average price of R 8 407 / m².