Property prices for rent in Kochi (Kerala)
The rent prices in real estate in Kochi, in the Kerala region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.foot in Kochi has barely changed in the last 6 months. In October, the average price per sq.foot was ₹ 17.6. In November this price barely changed remaining at ₹ 16.75 per sq.foot. In the following two months the price per sq.foot has practically remained the same, going from ₹ 17.17 to ₹ 16.72 per sq.foot. The price per sq.foot has hardly changed in the last two months compared to the average price of the previous four months going from an average price of ₹ 16.94 to ₹ 17.67 during February y March
When referring to the price in Kochi (cities), this has fallen in the last 6 months. In our first sample month during October, the average price is ₹ 25,984. In November This price remains at ₹ 24,800. During the following two months (December, January) the average price fell 91 % with regard to the previous two months. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of ₹ 24,228.75 and ₹ 23,467.5 between February and March.
The graph displaying the average rent price for BHK illustrates that those properties with 1 BHK are the most affordable ones. At a price of ₹ 24,319 they are 43 % more affordable than the average price for Kochi . The properties with the highest average price have 4 BHK, Their price is 63 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 28,773.
With regard to the average price per sq.foot, those properties with 4 BHK are the most affordable ones at a cost of ₹ 16.79 / sq.foot, with an average ₹ 18.44 / sq.foot price in Kochi. The properties with the most expensive average prices have 1 BHK. They are 18 % more expensive than the average followed by properties with 2 BHK with a price at ₹ 17.86 / sq.foot.
The graph displaying the average rent prices displays the property type "Office" as the most affordable one. At an cost of ₹ 24,319 it is 11 % more affordable than the average price in Kochi. "House" is seen as the second most affordable property type. The most expensive property type is "Villa" followed by "Flat". At a price of ₹ 23,901 it is 30 % more expensive than the average price.
According to the average cost per sq.foot, the most affordable property is "Office" at an average price of ₹ 10 / sq.foot followed by "House" priced at ₹ 14.99 / sq.foot. "Flat" is the most expensive type of property with a ₹ 19.52 / sq.foot value followed by "Villa" with an average price of ₹ 16.37 / sq.foot.
