Property prices for rent in Ernakulam (Kerala)
The rent prices in real estate in Ernakulam, in the Kerala region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.foot in Ernakulam has had a strong fall during the last 6 months. In October, the average price per sq.foot was ₹ 11.12. In November this price barely changed remaining at ₹ 10.82 per sq.foot. The price for the following two months in (December, January) had a considerable fall of 57 with regard to the previous two months. 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 ₹ 8.64 to ₹ 8.73 during February y March
When referring to the price in Ernakulam (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is ₹ 15,200. In November This price remains at ₹ 14,571. During the following two months (December, January) the average price had a considerable fall of 67 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 94 %, going from ₹ 12,394.25 to ₹ 11,667 in February and March.
The graph displaying the average rent price for BHK illustrates that those properties with 2 BHK are the most expensive ones. At a price of ₹ 11,667 they are 82 % more expensive than the average price for Ernakulam. Following this ranking we find those properties with 1 at an average price of ₹ 25,568. The properties with the highest average price have 3 BHK, Their price is 6115 % more expensive than the average. After that we have properties with 4 BHK priced at ₹ 40,176.
With regard to the average prices per sq.foot those properties with 3 BHK are 71756 % more expensive than the average price of (₹ 6,273 / sq.foot) in Ernakulam. Properties with the most expensive price when referring to the number of BHK / sq.foot are those with 3 BHK. They are 71756 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Flat" as the most expensive one. At an cost of ₹ 11,667 it is 64 % more expensive than the average price in Ernakulam. "" is seen as the second most expensive property type. The most expensive property type is "Land" followed by "House". At a price of ₹ 33,010 it is 1176 % 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 ₹ 3 / sq.foot followed by "Farm" priced at ₹ 84 / sq.foot. "Land" is the most expensive type of property with a ₹ 197 / sq.foot value followed by "House" with an average price of ₹ 160 / sq.foot.
