Property prices for sale in Margate (Kwazulu-natal)

The prices in real estate in Margate, in the Kwazulu-natal 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.

R 1 265 382,5
Average price last 6 months
R 12 821,17
Price/m² last 6 months
Average price per m2

The price per m² in Margate has increased strongly during the last 6 months. In January, the average price per m² was R 8 701. In the following month the price per m² increased considerably to R 10 009. In the following two months the price per m² has barely changed, going from R 9 355 to R 9 709 per m². The price per m² has had a considerable increase of 204 % 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 9 532 to R 19 399,5 during May, and June.

Average price

Based upon to the price in Margate (cities & towns), this has gone downing the last 6 months. The average price for January is R 1 375 600. During February the price had a slight fall till R 1 214 088. In the following two months the average price has remained the same with regard to the previous two months from R 1 294 844 to R 1 242 544. 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 1 268 694 and R 1 258 759,5 between May and June.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of R 1 240 206 they are 33 % more affordable than the average price for Margate. The properties with the highest average price have 4 bedrooms, Their price is 77 % more costly than the average. After that we have properties with 3 bedrooms priced at R 1 421 119.

With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 8 104 / m², with an average R 9 456 / m² price in Margate. The properties with the highest average prices have 1 bedroom. They are 8437 % more expensive than the average followed by properties with 2 bedrooms with a price at R 9 872 / m².

Price per property type

The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of R 1 240 206 it is 66 % cheaper than the average price in Margate. "Flat" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of R 2 114 825 it is 200 % more expensive than the average price.

According to the average cost per m², the cheapest property type is "Townhouse" at an average cost of R 8 065 / m² followed by "House" priced at R 8 291 / m². "Commercial" is the most costly type of property with a R 681 153 / m² cost followed by "Flat" with an average price of R 669 077 / m².

Charts data
Average price June
Average price per m² June
Number of properties used in Margate
Number of properties used in region Kwazulu-natal
R 1 240 206
R 9 456
17 308
248 548
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value