The prices in real estate in Hennenman, in the Free State 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 Hennenman has increased strongly during the last 6 months. In November, the average price per m² was R 1 413. In December this price pretty much remained the same at a value of R 1 386 per m². The price for the following two months in (January, February) had a considerable increment of 131 %. The price per m² has increased 114 % 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 1 615 to R 1 839,5 during March, and April.
Based upon to the price in Hennenman (cities & towns), this has fallen considerably in the last 6 months. The average price for November is R 1 135 444. During December the price had a considerable reduction till R 787 500. During the following two months (January, February) the average price fell 91 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 95 %, going from R 915 947 to R 868 366,5 in March and April.