The average rent price in the Kerala region has had a slight fall in recent months. There has been a fall in the rent prices in this region.
The price per sq.foot in Kerala has fallen in the last 6 months. During September, the average price per sq.foot was ₹ 16.68. In October the price barely changed remaining at ₹ 16.03 per sq.foot. The following two months (November, December) went through a fall of 91 % in the rent price per sq.foot with regard to the previous two. In the last two months, the price has barely changed with regard to the average value for the last 4 months going from an average price per sq.foot of ₹ 15.62 to ₹ 14.9 during January and February.
When referring to the price in Kerala(region), this has fallen considerably in the last 6 months. September has an average price of ₹ 24,406. During Octoberthe price had a slight fall till ₹ 22,889. The average price for the following two months (November, December) fell 86 % compared to the previous two. During the last two months the price has gone down 91 % compared to the previous average values going from ₹ 21,972.25 a ₹ 19,940 in January y February.
The graph displaying the the average rent price per number of BHK shows that those with 1 BHK are the most affordable ones. They are 35 % cheaper than the average price in Kerala followed by those with 2 with an average price of ₹ 15,403. The most expensive properties have 4 BHK. They are 83 % more expensive than the average followed by those properties with 3 BHK priced at ₹ 23,950.
Based on the average price per sq.foot those properties with 2 BHK are the most affordable ones with a price of ₹ 14.71 / sq.foot being ₹ 15.15 / sq.foot the average for Kerala. The properties with the highest average price are those with 1 BHK. These are 37 % more expensive than the average followed by those with 4 BHK with a price of ₹ 15.88 / sq.foot.
The graph displaying the average rent price according to the property type shows "House" as the most affordable one. With an average cost of ₹ 19,794 it is 8 % cheaper than the average in Kerala. This is followed by "Flat" with a cost of ₹ 19,397. The most expensive property type is "Commercial" and is 1692 % more costly than the average, followed by "Villa" with a cost of ₹ 31,689.
Based upon the average cost per sq.foot the most affordable property type is "House with a an average price of ₹ 12.57 / sq.foot, followed by "Villa" with a price of ₹ 16.16 / sq.foot. "Commercial" with an average price of ₹ 34 / sq.foot is the most expensive type of property followed by "Flat" at a price of ₹ 16.37 / sq.foot.