The prices in real estate in Pretoria, 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 Pretoria has increased strongly during the last 6 months. In November, the average price per m² was R 9 117. In December this price pretty much remained the same at a value of R 9 182 per m². The price for the following two months in (January, February) had a considerable increment of 128 %. The price per m² has had a considerable increase of 1009 % 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 10 432,25 to R 105 218,5 during March, and April.
Based upon to the price in Pretoria (cities & towns), these have remained the same in the last 6 months. In our first sample month during November, the average price is R 1 811 717. In December This price remains at R 1 750 039. In the following two months the average price has remained the same with regard to the previous two months from R 1 780 878 to R 1 735 616,5. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of R 1 922 301 they are 56 % more affordable than the average price for Pretoria. The properties with the highest average price have 4 bedrooms, Their price is 59 % more costly than the average. After that we have properties with 1 bedroom priced at R 1 839 788.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 9 003 / m², with an average R 112 951 / m² price in Pretoria. The properties with the highest average prices have 1 bedroom. They are 1420 % more expensive than the average followed by properties with 2 bedrooms with a price at R 10 224 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of R 1 922 301 it is 60 % cheaper than the average price in Pretoria. "Flat" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of R 2 532 410 it is 182 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Townhouse" at an average cost of R 9 907 / m² followed by "Apartment" priced at R 10 863 / m². "Commercial" is the most costly type of property with a R 4 913 675 / m² cost followed by "Land" with an average price of R 1 703 350 / m².