The prices in real estate in Fochville, in the North West 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 Fochville has had a strong decrease during the last 6 months. In October, the average price per m² was R 5 439. In the following month the price per m² decreased to R 4 969. The price for the following two months in (December, January) had a considerable decrease of 82 with regard to the prior two months. The price per m² has decreased 86 % 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 4 737,5 to R 4 072 during February, and March.
Based upon to the price in Fochville (cities & towns), this has gone downing the last 6 months. The average price for October is R 1 551 000. During November the price had a slight fall till R 1 430 000. In the following two months the average price has remained the same with regard to the previous two months from R 1 490 500 to R 1 518 182. During the last two months the average price has had a strong fall compared to the previous four going from R 1 504 341 to R 1 278 541,5, which means a 85 % fall.