The prices in real estate in Vryheid, 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 Vryheid has remained the same in the last 6 months. In October, the average price per m² was R 2 759. In the following month the price per m² increased to R 2 917. The price for the following two months in (December, January) decreased 93 % with regard to the prior two months. The price per m² has increased 109 % 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 2 732 to R 2 969,5 during February, and March.
Based upon to the price in Vryheid (cities & towns), this has fallen considerably in the last 6 months. The price in October is R 2 397 500, rising in November till R 2 656 364. During the following two months (December, January) the average price had a considerable reduction of 40 % 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 1 773 049,25 to R 1 277 369, which means a 72 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of R 1 227 571 they are 49 % more affordable than the average price for Vryheid. The properties with the highest average price have 4 bedrooms, Their price is 24 % more costly than the average. After that we have properties with 1 bedroom priced at R 1 510 992.
With regard to the average price per m² , those properties with 4 bedrooms are the most costly ones at a cost of R 2 845 / m², with an average R 2 744 / m² price in Vryheid. The properties with the highest average prices have 1 bedroom. They are 54965 % more expensive than the average followed by properties with 2 bedrooms with a price at R 6 701 / m².
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of R 1 227 571 it is 71 % cheaper than the average price in Vryheid. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "House". At a price of R 1 585 144 it is 36 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Land" at an average cost of R 449 / m² followed by "Townhouse" priced at R 7 306 / m². "Apartment" is the most costly type of property with a R 1 069 758 / m² cost followed by "House" with an average price of R 95 785 / m².