The prices in real estate in Steynsburg, in the Eastern Cape 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 Steynsburg has increased strongly during the last 6 months. In November, the average price per m² was . In the following month the price per m² increased considerably to R 1 962. The price for the following two months in (January, February) had a considerable decrease of 62 with regard to the prior two months. The price per m² has had a considerable increase of 195 % 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 796,25 to R 1 550,5 during March, and April.
Based upon to the price in Steynsburg (cities & towns), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is . During December the price went through a considerable rise reaching R 360 000. In the following two months the average price has remained the same with regard to the previous two months from R 180 000 to R 182 500. Based on an analysis of the first four prices and the last two months the average price has risen strongly 164 % during the last two months.