The prices in real estate in Southbroom, 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 Southbroom has increased strongly during the last 6 months. In November, the average price per m² was R 2 028. In the following month the price per m² increased considerably to R 4 216. The price for the following two months in (January, February) had a considerable increment of 136 %. 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 3 684 to R 3 685,5 during March y April
Based upon to the price in Southbroom (cities & towns), this has gone up in the last 6 months. In our first sample month during November, the average price is R 4 130 111. In December This price remains at R 3 970 556. During the following two months (January, February) the price has had an average incrementation from R 4 050 333,5 to R 4 457 656,5. Based on an analysis of the first four prices and the last two months the average price has gone up 109 % during the last two months.