Property prices for rent in Palakkad (Kerala)
The rent prices in real estate in Palakkad, 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 Palakkad has barely changed in the last 6 months. In October, the average price per sq.foot was ₹ 9.28. In the following month the price per sq.foot fell to ₹ 8.73. In the following two months the price per sq.foot has practically remained the same, going from ₹ 9.01 to ₹ 9.01 per sq.foot. The price per sq.foot has risen 111 % 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 ₹ 9.01 to ₹ 10.01 during February, and March.
When referring to the price in Palakkad (cities), there have hardly been any changes in the last 6 months. The average price during our first sample month during October, is ₹ 10,458. During November the price went through a considerable rise reaching ₹ 12,059. During the following two months (December, January) the average price fell 93 % 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 ₹ 10,838 and ₹ 10,327.5 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 ₹ 10,211 they are 20 % more affordable than the average price for Palakkad . The properties with the highest average price have 4 BHK, Their price is 1802 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 14,400.
With regard to the average price per sq.foot, those properties with 2 BHK are the most affordable ones at a cost of ₹ 9.34 / sq.foot, with an average ₹ 9.81 / sq.foot price in Palakkad. The properties with the most expensive average prices have 1 BHK. They are 37 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 9.41 / sq.foot.
According to average price per property type in Palakkad, "" priced at ₹ 1.94 lakhs is 1802 % more expensive than the average price (₹ 10,211) in this city.
