The prices in real estate in Theunissen, in the Free State 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 Theunissen has increased strongly during the last 6 months. In November, the average price per m² was R 563. In the following month the price per m² increased considerably to R 1 732. The price for the following two months in (January, February) had a considerable increment of 187 %. The price per m² has had a considerable deflation of 58 % 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 1 645 to R 960 during March, and April.
Based upon to the price in Theunissen (cities & towns), these have remained the same in the last 6 months. The price in November is R 593 333, rising in December till R 650 833. During the following two months (January, February) the average price had a considerable increase of 121 % 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 687 291,5 to R 358 000, which means a 52 % fall.