The prices in real estate in Ga-rankuwa, in the Gauteng 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 Ga-rankuwa has had a strong decrease during the last 6 months. In November, the average price per m² was R 8 229. In the following month the price per m² decreased considerably to R 3 910. The price for the following two months in (January, February) had a considerable decrease of 29 with regard to the prior two months. 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 3 923,75 to R 3 912 during March y April
Based upon to the price in Ga-rankuwa (cities & towns), this has gone downing the last 6 months. The average price for November is R 596 382. During December the price had a considerable reduction till R 437 031. During the following two months (January, February) the average price fell 88 % 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 124 % during the last two months.