Apartment Size | Feb | vs Last Month |
---|---|---|
Studio apartments | ZAR 1,465,000 | -15.3% |
1-bed apartments | ZAR 725,000 | +0.5% |
2-bed apartments | ZAR 858,429 | -1.1% |
3-bed apartments | ZAR 1,802,741 | +5.3% |
4+ bed apartments | ZAR 3,344,499 | +4.3% |
During February 2023, the average price for an apartment in/near Richards Bay, South Africa increased by 10.6% to ZAR 2,027,724.
Knowing the current property prices is key if you plan to buy a studio in Richards Bay, South Africa. The average price for a studio has decreased since the last month, currently being ZAR 1,465,000. After collecting all data points, we now see that the average price for 1-bed apartment increased by 0.5% to ZAR 725,000. Asking price for 2-bed apartment also decreased by 1.1% and a place of this size will now cost you ZAR 858,429. A 3-bed apartment goes for ZAR 1,802,741, it increased by 5.3% lately. We discerned the rise of 4- and more bed apartment price. It increased by 4.3% and made it up to ZAR 3,344,499.
Listing Type | Feb | vs Last Month |
---|---|---|
Townhouses for sale | ZAR 1,500,833 | +9.7% |
Other for sale | ZAR 1,772,500 | +1.3% |
Houses for sale | ZAR 2,714,166 | +9.5% |
Apartments for sale | ZAR 895,615 | +1.3% |
The average cost of an apartment in Richards Bay, South Africa rised by 1.3% to ZAR 895,615. Price reports demonstrate that house price increased by 9.5% this month making it up to ZAR 2,714,166. The property value of townhouses increased by 9.7%, you’ll have to spend around ZAR 1,500,833 to get one. The average price of the land for sale in formattedAddress% has not changed significantly since last month, being ZAR 1,722,500. The price for other types of properties for sale has changed since January, increased by 1.3%. Now, the price is ZAR 1,772,500 on average.