The prices in real estate in Pretoria, in the Gauteng 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 Pretoria has fallen in the last 6 months. In August, the average price per m² was R 10 373. In the following month the price per m² decreased considerably to R 8 756. The price for the following two months in (October, November) decreased 93 % with regard to the prior two months. 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 9 233,5 to R 9 471,5 during December y January
Based upon to the price in Pretoria (cities & towns), this has gone up considerably in the last 6 months. The average price during our first sample month during August, is R 1 488 930. During September the price went through a considerable rise reaching R 1 775 263. During the following two months (October, November) the price has had an average incrementation from R 1 632 096,5 to R 1 846 895,5. 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 1 739 496 and R 1 720 625,5 between December and January.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of R 1 691 212 they are 61 % more affordable than the average price for Pretoria. The properties with the highest average price have 4 bedrooms, Their price is 86 % more costly than the average. After that we have properties with 3 bedrooms priced at R 1 630 899.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 8 390 / m², with an average R 9 761 / m² price in Pretoria. The properties with the highest average prices have 1 bedroom. They are 32 % more expensive than the average followed by properties with 2 bedrooms with a price at R 10 422 / m².
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of R 1 691 212 it is 60 % cheaper than the average price in Pretoria. "Apartment" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "Land". At a price of R 2 826 409 it is 305 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Land" at an average cost of R 5 252 / m² followed by "House" priced at R 8 975 / m². "Farm" is the most costly type of property with a R 15 037 / m² cost followed by "Apartment" with an average price of R 10 365 / m².