The prices in real estate in Komatipoort, in the Mpumalanga 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 Komatipoort has increased strongly during the last 6 months. In November, the average price per m² was R 5 093. In the following month the price per m² decreased considerably to R 3 557. The price for the following two months in (January, February) had a considerable increment of 131 %. The price per m² has had a considerable increase of 156 % 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 4 999,75 to R 7 811 during March, and April.
Based upon to the price in Komatipoort (cities & towns), this has fallen considerably in the last 6 months. The average price for November is R 4 969 000. During December the price had a considerable reduction till R 3 989 000. In the following two months the average price has remained the same with regard to the previous two months from R 4 479 000 to R 4 281 905. During the last two months the average price has had a strong fall compared to the previous four going from R 4 380 452,5 to R 3 134 750, which means a 72 % fall.