The prices in real estate in Randvaal, 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 Randvaal has increased strongly during the last 6 months. In October, the average price per m² was . In the following month the price per m² increased considerably to R 5 913. The price for the following two months in (December, January) had a considerable increment of 228 %. 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 4 843,5 to R 4 847,5 during February y March
Based upon to the price in Randvaal (cities & towns), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is . During November the price went through a considerable rise reaching R 1 265 000. During the following two months (December, January) the average price had a considerable increase of 236 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 120 % during the last two months.