The rent prices in real estate in Kollam, 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 Kollam has risen strongly during the last 6 months. In October, the average price per sq.foot was ₹ 8.6. In November this price barely changed remaining at ₹ 8.68 per sq.foot. In the following two months the price per sq.foot has risen 115 %, going from ₹ 8.64 to ₹ 9.93 per sq.foot. The price per sq.foot has had a considerable rise of 354 % 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 ₹ 9.28 to ₹ 32.85 during February, and March.
When referring to the price in Kollam (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is ₹ 10,000. During November the price went through a considerable rise reaching ₹ 12,833. During the following two months (December, January) the average price had a considerable rise of 130 % with regard to the previous two months. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of ₹ 13,152.75 and ₹ 12,813 between February and March.
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 ₹ 11,813 they are 43 % more affordable than the average price for Kollam . The properties with the highest average price have 4 BHK, Their price is 707 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 16,395.
According to average price per property type in Kollam, "" priced at ₹ 95,372 is 707 % more expensive than the average price (₹ 11,813) in this city.