Property prices for sale in Ernakulam (Kerala)

The prices in real estate in Ernakulam, in the Kerala region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.

₹ 1.59 crores
Average price last 6 months
₹ 12,415.6
Price/sq.foot last 6 months
Average price per sq.feet

The price per sq.foot in Ernakulam has had a strong decrease during the last 6 months. In July, the average price per sq.foot was ₹ 18,364. In the following month the price per sq.foot decreased considerably to ₹ 4,844. In the following two months the price per sq.foot has increased 109 %, going from ₹ 11,604 to ₹ 12,622 per sq.foot. The price per sq.foot has had a considerable deflation of 56 % 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 ₹ 12,113 to ₹ 6,813 during November, and December.

Average price

Based upon to the price in Ernakulam (cities), this has gone up considerably in the last 6 months. In our first sample month during July, the average price is ₹ 62.8 lakhs. In August This price remains at ₹ 60 lakhs. During the following two months (September, October) the average price had a considerable reduction of 47 % 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 risen strongly 683 % during the last two months.

Average price per BHK

The graph displaying the average price for BHK illustrates that those properties with 2 BHK are the cheapest ones. At a price of ₹ 3.08 crores they are 88 % more affordable than the average price for Ernakulam. The properties with the lowest average price have 4 BHK, Their price is 70 % cheaper than the average. After that we have properties with 3 BHK priced at ₹ 70.96 lakhs.

With regard to the average price per sq.foot , those properties with 2 BHK are the most costly ones at a cost of ₹ 42,407 / sq.foot, with an average ₹ 6,813 / sq.foot price in Ernakulam. The properties with the highest average prices have 1 BHK. They are 800 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 46,860 / sq.foot.

Price per property type

The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of ₹ 3.08 crores it is 77 % cheaper than the average price in Ernakulam. "House" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Land". At a price of ₹ 2.27 crores it is 27 % more expensive than the average price.

According to the average cost per sq.foot, the cheapest property type is "Farm" at an average cost of ₹ 4,287 / sq.foot followed by "House" priced at ₹ 41,128 / sq.foot. "Land" is the most costly type of property with a ₹ 1.01 lakhs / sq.foot cost followed by "Commercial" with an average price of ₹ 66,412 / sq.foot.

Charts data
Average price December
Average price per sq.foot December
Number of properties used in Ernakulam
Number of properties used in region Kerala
₹ 3.08 crores
₹ 6,813
50
12,952
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value