The prices in real estate in Vaal Marina, in the Gauteng 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 Vaal Marina has fallen in the last 6 months. In October, the average price per m² was R 4 596. In the following month the price per m² increased to R 5 118. In the following two months the price per m² has barely changed, going from R 4 857 to R 5 028,5 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 4 942,75 to R 3 309 during February, and March.
Based upon to the price in Vaal Marina (cities & towns), this has gone up considerably in the last 6 months. The price in October is R 1 760 886, rising in November till R 1 908 800. During the following two months (December, January) the average price had a considerable increase of 117 % 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 107 % during the last two months.