Property prices for sale in Visakhapatnam (Andhra Pradesh)
The prices in real estate in Visakhapatnam, in the Andhra Pradesh 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 Visakhapatnam has increased strongly during the last 6 months. In October, the average price per sq.foot was ₹ 4,105. In the following month the price per sq.foot decreased to ₹ 3,698. The price for the following two months in (December, January) had a considerable increment of 126 %. The price per sq.foot has had a considerable increase of 121 % 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 ₹ 4,407.5 to ₹ 5,352.5 during February, and March.
Based upon to the price in Visakhapatnam (cities), this has gone up in the last 6 months. The average price for October is ₹ 55.76 lakhs. During November the price had a slight fall till ₹ 52.03 lakhs. During the following two months (December, January) the price has had an average incrementation from ₹ 53.9 lakhs to ₹ 56.8 lakhs. Based on an analysis of the first four prices and the last two months the average price has risen strongly 116 % during the last two months.
The graph displaying the average price for BHK illustrates that those properties with 2 BHK are the cheapest ones. At a price of ₹ 62.9 lakhs they are 42 % more affordable than the average price for Visakhapatnam. The properties with the highest average price have 4 BHK, Their price is 303 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 55 lakhs.
With regard to the average price per sq.foot , those properties with 2 BHK are the cheapest ones at a cost of ₹ 3,292 / sq.foot, with an average ₹ 5,189 / sq.foot price in Visakhapatnam. The properties with the highest average prices have 4 BHK. They are 48 % more expensive than the average followed by properties with 1 BHK with a price at ₹ 5,503 / sq.foot.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of ₹ 62.9 lakhs it is 61 % cheaper than the average price in Visakhapatnam. "Flat" is seen as the second most affordable property type. The cheapest type property is "Villa" followed by "House". At a price of ₹ 50.71 lakhs it is 5 % more affordable than the average price.
According to the average cost per sq.foot, the cheapest property type is "Farm" at an average cost of ₹ 1,824 / sq.foot followed by "Flat" priced at ₹ 3,612 / sq.foot. "House" is the cheapest type of property with a ₹ 4,038 / sq.foot value followed by "Villa" with an average price of ₹ 3,649 / sq.foot.
