The prices in real estate in Umhlanga, in the Kwazulu-natal region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per m² in Umhlanga has remained the same in the last 6 months. In March, the average price per m² was R 22 853. In April this price pretty much remained the same at a value of R 22 751 per m². The price for the following two months in (May, June) decreased 94 % with regard to the prior two months. The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of R 22 146,5 to R 22 782,5 during July y August
Based upon to the price in Umhlanga (cities & towns), this has gone up in the last 6 months. The average price during our first sample month during March, is R 3 923 139. During April the price went through a considerable rise reaching R 4 746 750. During the following two months (May, June) the average price fell 92 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of R 4 157 889,75 and R 4 061 669 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of R 4 371 740 they are 58 % more affordable than the average price for Umhlanga. The properties with the highest average price have 4 bedrooms, Their price is 64 % more costly than the average. After that we have properties with 3 bedrooms priced at R 4 491 888.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 19 377 / m², with an average R 22 572 / m² price in Umhlanga. The properties with the highest average prices have 1 bedroom. They are 3655 % more expensive than the average followed by properties with 2 bedrooms with a price at R 26 542 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of R 4 371 740 it is 24 % 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 "Land". At a price of R 3 822 297 it is 29 % 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 17 967 / m² followed by "Townhouse" priced at R 18 348 / m². "Flat" is the most costly type of property with a R 42 191 / m² cost followed by "Apartment" with an average price of R 27 564 / m².