The prices in real estate in Fouriesburg, in the Free State 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 Fouriesburg has had a strong decrease during the last 6 months. In November, the average price per m² was R 1 688. In the following month the price per m² increased considerably to R 2 057. In the following two months the price per m² has increased 113 %, going from R 1 872,5 to R 2 125 per m². The price per m² has had a considerable deflation of 0 % 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 1 998,75 to during March, and April.
Based upon to the price in Fouriesburg (cities & towns), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is R 2 270 000. In December This price remains at R 2 195 714. During the following two months (January, February) the average price had a considerable reduction of 38 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from R 1 541 428,5 to , which means a 0 % fall.