The prices in real estate in Louis Trichardt, in the Limpopo 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 Louis Trichardt has increased strongly during the last 6 months. In November, the average price per m² was R 2 576. In the following month the price per m² decreased considerably to R 2 058. The price for the following two months in (January, February) had a considerable increment of 129 %. The price per m² has had a considerable increase of 188 % 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 2 649,25 to R 4 974,5 during March, and April.
Based upon to the price in Louis Trichardt (cities & towns), these have remained the same in the last 6 months. The average price during our first sample month during November, is R 2 523 537. During December the price went through a considerable rise reaching R 2 996 176. During the following two months (January, February) the average price fell 90 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 89 %, going from R 2 622 858,75 to R 2 331 111 in March and April.