The rent prices in real estate in Vishakhapatnam, in the Andhra Pradesh 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 Vishakhapatnam has had a strong fall during the last 6 months. In October, the average price per sq.foot was ₹ 8.58. In November this price barely changed remaining at ₹ 8.58 per sq.foot. The price for the following two months in (December, January) had a considerable fall of 43 with regard to the previous two months. The price per sq.foot has risen 114 % 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 ₹ 6.12 to ₹ 6.99 during February, and March.
When referring to the price in Vishakhapatnam (cities), this has fallen in the last 6 months. In our first sample month during October, the average price is ₹ 9,500. In November This price remains at ₹ 9,500. During the following two months (December, January) the average price had a considerable fall of 62 % 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 131 % during the last two months.
The graph displaying the average rent price for BHK illustrates that those properties with 4 BHK are the most affordable ones. At a price of ₹ 10,500 they are 41 % more affordable than the average price for Vishakhapatnam . The properties with the lowest average price have 2 BHK, Their price is 1 % more affordable than the average. After that we have properties with 1 BHK priced at ₹ 8,723.
With regard to the average price per sq.foot, those properties with 2 BHK are the most affordable ones at a cost of ₹ 2 / sq.foot, with an average ₹ 6.67 / sq.foot price in Vishakhapatnam. The properties with the most affordable average prices have 1 BHK. They are 10 % more affordable than the average followed by properties with 2 BHK with a price at ₹ 2 / sq.foot.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of ₹ 10,500 it is 41 % more affordable than the average price in Vishakhapatnam. "Villa" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "Villa". At a price of ₹ 36,071 it is 245 % more expensive than the average price.
According to the average cost per sq.foot, the least affordable property would be "Villa" at an average price of ₹ 91 / sq.foot followed by "Land" priced at ₹ 96 / sq.foot. "Land" is the most expensive type of property with a ₹ 96 / sq.foot value followed by "Villa" with an average price of ₹ 91 / sq.foot.