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 November, the average price per sq.foot was ₹ 17.42. In the following month the price per sq.foot fell considerably to ₹ 14.12. In the following two months the price per sq.foot has practically remained the same, going from ₹ 15.77 to ₹ 15.99 per sq.foot. The price per sq.foot has had a considerable rise of 139 % 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 ₹ 15.88 to ₹ 22.06 during March, and April.
When referring to the price in Kochi (cities), this has risen considerably in the last 6 months. The average price for November is ₹ 22,906. During December the price had a slight fall till ₹ 19,776. During the following two months (January, February) the average price fell 94 % 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 had a strong increase of 206 % 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 ₹ 18,059 they are 42 % more affordable than the average price for Kochi . The properties with the highest average price have 4 BHK, Their price is 72 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 23,225.
With regard to the average price per sq.foot, those properties with 2 BHK are the most affordable ones at a cost of ₹ 13.05 / sq.foot, with an average ₹ 14.62 / sq.foot price in Kochi. The properties with the most expensive average prices have 1 BHK. They are 24 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 14.56 / sq.foot.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of ₹ 18,059 it is 6 % more affordable than the average price in Kochi. "Flat" is seen as the second most affordable property type. The most expensive property type is "Villa" followed by "Office". At a price of ₹ 22,417 it is 48 % more expensive than the average price.
According to the average cost per sq.foot, the most affordable property is "House" at an average price of ₹ 12.66 / sq.foot followed by "Villa" priced at ₹ 14.21 / sq.foot. "Office" is the most expensive type of property with a ₹ 45 / sq.foot value followed by "Flat" with an average price of ₹ 15.28 / sq.foot.