Apartment Size |
May | vs Last Month |
---|---|---|
2-bed apartments | ZAR 5,210,000 | -30.3% |
3-bed apartments | ZAR 7,750,000 | -2.4% |
4+ bed apartments | ZAR 8,450,000 | N/A |
During May 2023, the average price for an apartment in/near Newlands, Cape Town, 7700, South Africa decreased by 7.3% to ZAR 6,567,500.
After collecting all data points, we now see that the average price for 1-bed apartment stands at ZAR 1,998,000 with no changes this month. Asking price for 2-bed apartment also decreased by 30.3% and a place of this size will now cost you ZAR 5,210,000. A 3-bed apartment goes for ZAR 7,750,000, it decreased by 2.4% lately. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around ZAR 8,450,000 for a big-family home.
Listing Type |
May | vs Last Month |
---|---|---|
Houses for sale | ZAR 7,557,500 | -4.9% |
Apartments for sale | ZAR 3,597,500 | -26.6% |
The average cost of an apartment in Newlands, Cape Town, 7700, South Africa decreased by 26.6% to ZAR 3,597,500. Price reports demonstrate that house price decreased by 4.9% this month making it up to ZAR 7,557,500. Value of the townhouses didn’t change, the price still starts at ZAR 7,100,000.