The prices in real estate in Lydenburg, in the Mpumalanga 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 Lydenburg has fallen in the last 6 months. In October, the average price per m² was R 5 663. In November this price pretty much remained the same at a value of R 5 658 per m². The price for the following two months in (December, January) decreased 93 % with regard to the prior two months. 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 5 470,25 to R 4 618,5 during February, and March.
Based upon to the price in Lydenburg (cities & towns), these have remained the same in the last 6 months. In our first sample month during October, the average price is R 1 964 875. In November This price remains at R 2 000 994. In the following two months the average price has remained the same with regard to the previous two months from R 1 982 934,5 to R 1 970 253. 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 1 976 593,75 and R 1 971 856 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of R 1 973 545 they are 64 % more affordable than the average price for Lydenburg. The properties with the highest average price have 4 bedrooms, Their price is 22 % more costly than the average. After that we have properties with 3 bedrooms priced at R 1 547 951.
With regard to the average price per m² , those properties with 3 bedrooms are the most costly ones at a cost of R 5 355 / m², with an average R 4 669 / m² price in Lydenburg. The properties with the highest average prices have 1 bedroom. They are 107 % more expensive than the average followed by properties with 4 bedrooms with a price at R 5 706 / m².
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of R 1 973 545 it is 70 % cheaper than the average price in Lydenburg. "Land" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "Commercial". At a price of R 2 810 907 it is 258 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Land" at an average cost of R 275 / m² followed by "Commercial" priced at R 2 260 / m². "Farm" is the most costly type of property with a R 24 375 / m² cost followed by "Apartment" with an average price of R 7 017 / m².