Property prices for sale in Umhlanga (Kwazulu-natal)
The prices in real estate in Umhlanga, 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 Umhlanga has fallen in the last 6 months. In November, the average price per m² was R 26 159. In December this price pretty much remained the same at a value of R 26 973 per m². In the following two months the price per m² has barely changed, going from R 26 566 to R 25 517,5 per m². The price per m² has had a considerable deflation of 67 % 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 26 041,75 to R 17 440,5 during March, and April.
Based upon to the price in Umhlanga (cities & towns), this has gone downing the last 6 months. The average price for November is R 4 138 649. During December the price had a slight fall till R 3 659 369. During the following two months (January, February) the average price fell 93 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of R 4 122 669 they are 66 % more affordable than the average price for Umhlanga. The properties with the highest average price have 4 bedrooms, Their price is 107 % more costly than the average. After that we have properties with 3 bedrooms priced at R 3 931 300.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 12 548 / m², with an average R 15 459 / m² price in Umhlanga. The properties with the highest average prices have 1 bedroom. They are 55 % more expensive than the average followed by properties with 2 bedrooms with a price at R 21 520 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of R 4 122 669 it is 33 % cheaper than the average price in Umhlanga. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Flat". At a price of R 4 405 493 it is 72 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of R 11 368 / m² followed by "Townhouse" priced at R 13 464 / m². "Flat" is the most costly type of property with a R 27 806 / m² cost followed by "Commercial" with an average price of R 22 455 / m².
