Property prices for sale in Kottayam (Kerala)
The prices in real estate in Kottayam, in the Kerala region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.foot in Kottayam has increased strongly during the last 6 months. In October, the average price per sq.foot was ₹ 6,790. In the following month the price per sq.foot increased considerably to ₹ 49,685. The price for the following two months in (December, January) had a considerable increment of 188 %. The price per sq.foot has had a considerable deflation of 7 % 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 sq.foot of ₹ 40,723.75 to ₹ 2,674 during February, and March.
Based upon to the price in Kottayam (cities), this has fallen considerably in the last 6 months. The average price for October is ₹ 1.16 crores. During November the price had a considerable reduction till ₹ 95.25 lakhs. During the following two months (December, January) the average price had a considerable reduction of 54 % 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 ₹ 81.34 lakhs to ₹ 47 lakhs, which means a 58 % fall.
The graph displaying the average price for BHK illustrates that those properties with 2 BHK are the cheapest ones. At a price of ₹ 46.33 lakhs they are 33 % more affordable than the average price for Kottayam. The properties with the highest average price have 1 BHK, Their price is 138 % more costly than the average. After that we have properties with 4 BHK priced at ₹ 84.15 lakhs.
With regard to the average price per sq.foot , those properties with 2 BHK are the cheapest ones at a cost of ₹ 2,765 / sq.foot, with an average ₹ 2,877 / sq.foot price in Kottayam. The properties with the highest average prices have 1 BHK. They are 25 % more expensive than the average followed by properties with 4 BHK with a price at ₹ 3,433 / sq.foot.
The graph displaying the average prices displays the property type "Villa" as the most affordable one. At an cost of ₹ 46.33 lakhs it is 29 % cheaper than the average price in Kottayam. "Farm" is seen as the second most affordable property type. The dearest property type is "House" followed by "Flat". At a price of ₹ 68.84 lakhs it is 227 % more expensive than the average price.
According to the average cost per sq.foot, the cheapest property type is "Villa" at an average cost of ₹ 1,043 / sq.foot followed by "Farm" priced at ₹ 2,946 / sq.foot. "House" is the most costly type of property with a ₹ 5,568 / sq.foot cost followed by "Flat" with an average price of ₹ 3,300 / sq.foot.
