Apartment Size |
May | vs Last Month |
---|---|---|
Studio apartments | ZAR 250,000 | -90.6% |
1-bed apartments | ZAR 586,808 | -2% |
2-bed apartments | ZAR 840,115 | -3.9% |
3-bed apartments | ZAR 1,333,332 | -10.2% |
4+ bed apartments | ZAR 2,925,793 | +8.8% |
During May 2023, the average price for an apartment in/near Pietermaritzburg, South Africa decreased by 2.3% to ZAR 1,687,515.
Knowing the current property prices is key if you plan to buy a studio in Pietermaritzburg, South Africa. The average price for a studio has decreased since the last month, currently being ZAR 250,000. After collecting all data points, we now see that the average price for 1-bed apartment decreased by 2% to ZAR 586,808. Asking price for 2-bed apartment also decreased by 3.9% and a place of this size will now cost you ZAR 840,115. A 3-bed apartment goes for ZAR 1,333,332, it decreased by 10.2% lately. We discerned the rise of 4- and more bed apartment price. It increased by 8.8% and made it up to ZAR 2,925,793.
Listing Type |
May | vs Last Month |
---|---|---|
Townhouses for sale | ZAR 1,407,244 | +5.3% |
Houses for sale | ZAR 2,007,795 | +1.5% |
Apartments for sale | ZAR 914,936 | -2.9% |
The average cost of an apartment in Pietermaritzburg, South Africa decreased by 2.9% to ZAR 914,936. Price reports demonstrate that house price increased by 1.5% this month making it up to ZAR 2,007,795. The property value of townhouses increased by 5.3%, you’ll have to spend around ZAR 1,407,244 to get one.