The prices in real estate in Koster, in the North West 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 Koster has increased strongly during the last 6 months. In November, the average price per m² was R 477. In the following month the price per m² increased considerably to R 946. The price for the following two months in (January, February) had a considerable increment of 165 %. The price per m² has had a considerable deflation of 84 % 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 942,75 to R 796,5 during March, and April.
Based upon to the price in Koster (cities & towns), this has gone up in the last 6 months. The price in November is R 1 282 500, rising in December till R 1 378 750. In the following two months the average price has remained the same with regard to the previous two months from R 1 330 625 to R 1 307 857. Based on an analysis of the first four prices and the last two months the average price has gone up 112 % during the last two months.