The prices in real estate in Joubertina, in the Eastern Cape 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 Joubertina has increased strongly during the last 6 months. In November, the average price per m² was R 686. In the following month the price per m² increased considerably to R 1 922. The price for the following two months in (January, February) had a considerable increment of 229 %. The price per m² has had a considerable deflation of 13 % 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 2 145,5 to R 289,5 during March, and April.
Based upon to the price in Joubertina (cities & towns), this has fallen considerably in the last 6 months. The price in November is R 2 064 143, rising in December till R 2 243 625. In the following two months the average price has remained the same with regard to the previous two months from R 2 153 884 to R 2 079 104. During the last two months the average price has had a strong fall compared to the previous four going from R 2 116 494 to R 621 666,5, which means a 29 % fall.