The prices in real estate in Venterstad, in the Eastern Cape 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 Venterstad has increased strongly during the last 6 months. In November, the average price per m² was . In the following month the price per m² increased considerably to R 4 411. The price for the following two months in (January, February) had a considerable increment of 229 %. The price per m² has had a considerable increase of 498 % 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 3 625,25 to R 18 039,5 during March, and April.
Based upon to the price in Venterstad (cities & towns), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is . During December the price went through a considerable rise reaching R 1 897 500. During the following two months (January, February) the average price had a considerable increase of 239 % 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 risen strongly 2443 % during the last two months.