The prices in real estate in Kirwee, in the Canterbury region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per m² in Kirwee has had a strong decrease during the last 6 months. In November, the average price per m² was $4,791. In December this price pretty much remained the same at a value of $4,849 per m². The price for the following two months in (January, February) had a considerable decrease of 52 with regard to the prior two months. The price per m² has had a considerable deflation of 53 % 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 $3,667 to $1,957.5 during March, and April.
Based upon to the price in Kirwee (suburbs), this has fallen considerably in the last 6 months. The price in November is $782,563, rising in December till $862,700. During the following two months (January, February) the average price had a considerable reduction of 57 % 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 $643,732.5 to $375,500, which means a 58 % fall.