The prices in real estate in Trafalgar, in the Kwazulu-natal region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in Trafalgar has fallen in the last 6 months. In November, the average price per m² was R 2 835. In the following month the price per m² increased considerably to R 4 171. The price for the following two months in (January, February) had a considerable decrease of 73 with regard to the prior two months. The price per m² has had a considerable deflation of 62 % 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 3 022 to R 1 867 during March, and April.
Based upon to the price in Trafalgar (cities & towns), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is R 2 998 111. In December This price remains at R 2 867 000. During the following two months (January, February) the average price had a considerable reduction of 66 % 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 2 437 319,5 to R 1 594 899, which means a 65 % fall.