The prices in real estate in Khayelitsha, in the Western Cape region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in Khayelitsha has fallen in the last 6 months. In November, the average price per m² was R 12 675. In the following month the price per m² increased to R 13 318. The price for the following two months in (January, February) had a considerable decrease of 84 with regard to the prior two months. The price per m² has decreased 94 % 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 11 940,5 to R 11 259 during March, and April.
Based upon to the price in Khayelitsha (cities & towns), this has gone up considerably in the last 6 months. The price in November is R 528 765, rising in December till R 592 667. During the following two months (January, February) the price has had an average incrementation from R 560 716 to R 611 104. Based on an analysis of the first four prices and the last two months the average price has risen strongly 115 % during the last two months.