The prices in real estate in Ramsgate, in the Kwazulu-natal 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 Ramsgate has had a strong decrease during the last 6 months. In October, the average price per m² was R 1 969. In the following month the price per m² decreased to R 1 717. The price for the following two months in (December, January) had a considerable decrease of 72 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 1 587,5 to R 1 565,5 during February y March
Based upon to the price in Ramsgate (cities & towns), these have remained the same in the last 6 months. In our first sample month during October, the average price is R 1 846 067. In November This price remains at R 1 874 644. During the following two months (December, January) the average price fell 95 % with regard to the previous two months. 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 1 812 051 and R 1 730 222 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of R 1 804 288 they are 52 % more affordable than the average price for Ramsgate. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 10 % more affordable than the average aforementioned.
With regard to the average price per m² , those properties with 3 bedrooms are the most costly ones at a cost of R 2 524 / m², with an average R 1 230 / m² price in Ramsgate. Properties with the most expensive price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 132266 % more costly than the average value aforementioned.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of R 1 804 288 it is 25 % cheaper than the average price in Ramsgate. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of R 1 361 416 it is 18 % more expensive than the average price.
According to the average cost per m², the most expensive property type would be "Apartment" at an average cost of R 85 926 / m² followed by "House" priced at R 1 210 240 / m². "House" is the most costly type of property with a R 1 210 240 / m² cost followed by "Apartment" with an average price of R 85 926 / m².