The average price in the Mpumalanga region has had a slight decrease in recent months. There has been a deflation in the prices in this region.
The price per m² in Mpumalanga has risen in the last 6 months. During September, the average price per m² was R 9 551. The following month the price decreased to R 8 776 per m². The price per m² for the following two months practically stayed the same, going from R 9 163,5 to R 8 892 per m². In the last two months, the price has stayed the same with regard to the average value for the last 4 months going from an average price per m² of R 9 027,75 to R 8 997 during January and February.
Based upon to the price in Mpumalanga(region), these have remained the same in the last 6 months. September has an average price of R 2 129 377. During October the price had a slight deflation till R 1 965 255. In the following two months the average price didn't change much compared to the previous two going from R 2 047 316 to R 2 009 187,5. During the last two months the average price has remained stagnant and has gone from R 2 028 251,75 to R 2 091 449 during January and February.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 71 % more affordable than the average price in Mpumalanga followed by those with 2 with an average price of R 976 105. The most costly properties have 4 bedrooms. They are 20 % more expensive than the average followed by those properties with 3 bedrooms priced at R 1 648 041.
Based on the average price per m² those properties with 1 bedroom are the cheapest ones with a price of R 7 414 / m² being R 8 917 / m² the average value within the Mpumalanga region. The properties with the most expensive average price are those with 2 bedrooms. These are 13 % more costly than the average followed by those with 3 bedrooms with a price of R 9 317 / m².
The graph displaying the average price according to the property type shows "Flat" as the cheapest one. With an average cost of R 2 328 998 it is 73 % more affordable than the average in Mpumalanga. This is followed by "Apartment" with a price of R 737 290. The dearest property type is "Farm" and is 79 % more expensive than the average, followed by "House" with a cost of R 2 449 738.
Based on the average cost per m² the cheapest property type is "Land with a an average cost of R 1 689 / m², followed by "Townhouse" with a price of R 6 290 / m². "Apartment" with an average price of R 9 056 / m² is the most costly type of property followed by "Farm" at a price of R 9 039 / m².