The prices in real estate in Springbok, in the Northern Cape 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 Springbok has had a strong decrease during the last 6 months. In November, the average price per m² was R 4 277. In the following month the price per m² decreased considerably to . In the following two months the price per m² has barely changed, going from R 2 138,5 to R 2 227,5 per m². The price per m² has had a considerable deflation of 0 % 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 2 183 to during March, and April.
Based upon to the price in Springbok (cities & towns), this has fallen considerably in the last 6 months. The average price for November is R 2 348 857. During December the price had a considerable reduction till . During the following two months (January, February) the average price had a considerable increase of 178 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from R 1 630 026,75 to , which means a 0 % fall.