The prices in real estate in Ladybrand, 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 Ladybrand has increased strongly during the last 6 months. In November, the average price per m² was R 2 272. In the following month the price per m² increased to R 2 502. In the following two months the price per m² has increased 110 %, going from R 2 387 to R 2 628,5 per m². The price per m² has had a considerable increase of 143 % 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 2 507,75 to R 3 577,5 during March, and April.
Based upon to the price in Ladybrand (cities & towns), this has gone up considerably in the last 6 months. In our first sample month during November, the average price is R 1 600 320. In December This price remains at R 1 613 042. During the following two months (January, February) the average price had a considerable increase of 126 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of R 1 819 273,5 and R 1 857 272,5 between March and April.
With regard to the average price based upon the property in Ladybrand we can see that most expensive property type is "Townhouse" at a price of R 7 520 477, they are 296 % more costly than the average price of (!PRECIO2!). "Townhouse" has the highest price. This price is 296 % more expensive than the average price aforementioned.
According to the average area price by m² the most costly property type is "Townhouse with an average price of R 6 222 734 / m². "Townhouse" at an average price of R 6 222 734 / m² has the most expensive price and would be directed at more affluent cities.