The prices in real estate in Olifantsfontein, in the Gauteng 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 Olifantsfontein has increased strongly during the last 6 months. In November, the average price per m² was R 648. In December this price pretty much remained the same at a value of R 648 per m². In the following two months the price per m² has barely changed, going from R 648 to R 648 per m². The price per m² has had a considerable increase of 583 % 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 648 to R 3 778 during March, and April.
Based upon to the price in Olifantsfontein (cities & towns), these have remained the same in the last 6 months. In our first sample month during November, the average price is R 16 847 821. In December This price remains at R 16 847 821. In the following two months the average price has remained the same with regard to the previous two months from R 16 847 820 to R 16 847 820. 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 16 847 820 and R 17 652 932 between March and April.