The prices in real estate in Orkney, in the North West region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per m² in Orkney has had a strong decrease during the last 6 months. In November, the average price per m² was R 1 069. In the following month the price per m² decreased considerably to R 884. The price for the following two months in (January, February) had a considerable decrease of 70 with regard to the prior two months. The price per m² has had a considerable deflation of 85 % 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 831,25 to R 706 during March, and April.
Based upon to the price in Orkney (cities & towns), this has gone downing the last 6 months. The average price for November is R 770 826. During December the price had a slight fall till R 729 700. In the following two months the average price has remained the same with regard to the previous two months from R 750 263 to R 713 713. 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 731 988 and R 696 245,5 between March and April.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 37 % more costly than the average price of R 913 134 in Orkney. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 37 % more expensive than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 127255 % more costly than the average price of (R 913 134 / m²) in Orkney. Properties with the most expensive price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 127255 % more costly than the average value aforementioned.