The prices in real estate in Sheffield Beach, in the Kwazulu-natal 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 Sheffield Beach has increased strongly during the last 6 months. In November, the average price per m² was R 13 964. In the following month the price per m² increased to R 15 786. The price for the following two months in (January, February) had a considerable increment of 118 %. The price per m² has had a considerable increase of 208 % 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 16 189 to R 33 610,5 during March, and April.
Based upon to the price in Sheffield Beach (cities & towns), this has gone up in the last 6 months. The average price for November is R 6 116 000. During December the price had a slight fall till R 5 366 250. In the following two months the average price has remained the same with regard to the previous two months from R 5 741 125 to R 5 817 875. Based on an analysis of the first four prices and the last two months the average price has risen strongly 133 % during the last two months.