The rent prices in real estate in Cochin, in the Kerala region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.foot in Cochin has risen strongly during the last 6 months. In March, the average price per sq.foot was ₹ 23.04. In the following month the price per sq.foot rose to ₹ 26.33. The price for the following two months in (May, June) had a considerable rise of 126 %. The price per sq.foot has risen 110 % 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 ₹ 27.86 to ₹ 30.58 during July, and August.
When referring to the price in Cochin (cities), this has risen considerably in the last 6 months. The average price during our first sample month during March, is ₹ 24,438. During April the price went through a considerable rise reaching ₹ 29,076. During the following two months (May, June) the average price had a considerable rise of 127 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has increased 114 % during the last two months.
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 ₹ 33,939 they are 26 % more affordable than the average price for Cochin . The properties with the highest average price have 3 BHK, Their price is 25 % more expensive than the average. After that we have properties with 2 BHK priced at ₹ 31,182.
With regard to the average price per sq.foot, those properties with 4 BHK are the most affordable ones at a cost of ₹ 9 / sq.foot, with an average ₹ 30.23 / sq.foot price in Cochin. The properties with the most expensive average prices have 1 BHK. They are 39 % more expensive than the average followed by properties with 2 BHK with a price at ₹ 29.23 / sq.foot.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of ₹ 33,939 it is 32 % more affordable than the average price in Cochin. "Flat" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of ₹ 34,225 it is 20 % more expensive than the average price.
According to the average cost per sq.foot, the most affordable property is "Flat" at an average price of ₹ 1 / sq.foot followed by "Land" priced at ₹ 7 / sq.foot. "House" is the most affordable type of property with a ₹ 28 / sq.foot value followed by "Land" with an average price of ₹ 7 / sq.foot.