Property prices for sale in Polokwane (Limpopo)
The prices in real estate in Polokwane, in the Limpopo 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 Polokwane has fallen in the last 6 months. In October, the average price per m² was R 10 117. In November this price pretty much remained the same at a value of R 9 974 per m². In the following two months the price per m² has barely changed, going from R 10 045,5 to R 10 449 per m². The price per m² has had a considerable deflation of 82 % 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 10 247,25 to R 8 437 during February, and March.
Based upon to the price in Polokwane (cities & towns), this has gone downing the last 6 months. In our first sample month during October, the average price is R 1 974 263. In November This price remains at R 1 893 439. During the following two months (December, January) the average price fell 93 % 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 94 %, going from R 1 868 165,5 to R 1 759 787 in 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 1 884 990 they are 66 % more affordable than the average price for Polokwane. The properties with the highest average price have 4 bedrooms, Their price is 48 % more costly than the average. After that we have properties with 3 bedrooms priced at R 1 600 443.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 4 576 / m², with an average R 5 908 / m² price in Polokwane. The properties with the highest average prices have 1 bedroom. They are 61 % more expensive than the average followed by properties with 2 bedrooms with a price at R 9 489 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of R 1 884 990 it is 52 % cheaper than the average price in Polokwane. "Commercial" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "Flat". At a price of R 6 013 540 it is 236 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of R 4 060 / m² followed by "Apartment" priced at R 5 751 / m². "Farm" is the most costly type of property with a R 6 144 406 / m² cost followed by "Flat" with an average price of R 10 066 / m².
