The prices in real estate in Port Elizabeth, in the Eastern Cape 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 Port Elizabeth has fallen in the last 6 months. In May, the average price per m² was R 8 615. In the following month the price per m² decreased to R 7 964. In the following two months the price per m² has barely changed, going from R 8 289,5 to R 8 063,5 per m². The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of R 8 176,5 to R 8 022 during September y October
Based upon to the price in Port Elizabeth (cities & towns), this has gone downing the last 6 months. The average price for May is R 1 531 874. During June the price had a considerable reduction till R 1 258 710. During the following two months (July, August) the price has had an average incrementation from R 1 395 292 to R 1 531 017. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from R 1 463 154,5 to R 1 361 381 in September and October.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 0 % cheaper than the average price of R 1 463 012 in Port Elizabeth. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 0 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 0 % cheaper than the average price of (R 8 229 / m²) in Port Elizabeth. Properties with the most affordable price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 0 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Port Elizabeth we can see that the cheapest property type is "House" at a price of R 1 463 012, they are 0 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 0 % more affordable than the average price aforementioned.
According to the average area cost by m² the cheapest property type is "House with an average price of R 8 229 / m². "House" with an average cost of R 8 229 / m² has the lowest price and would be directed at less affluent cities.