Property prices for sale in Kannur (Kerala)
The prices in real estate in Kannur, in the Kerala region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.foot in Kannur has increased strongly during the last 6 months. In October, the average price per sq.foot was ₹ 2,414. In the following month the price per sq.foot decreased considerably to ₹ 466. The price for the following two months in (December, January) had a considerable increment of 19711 %. The price per sq.foot has had a considerable deflation of 24 % 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 ₹ 1.43 lakhs to ₹ 34,389 during February, and March.
Based upon to the price in Kannur (cities), this has gone downing the last 6 months. The average price for October is ₹ 40.83 lakhs. During November the price had a considerable reduction till ₹ 18.17 lakhs. During the following two months (December, January) the average price had a considerable increase of 188 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from ₹ 42.48 lakhs to ₹ 25.08 lakhs, which means a 59 % fall.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the most costly ones. At a price of ₹ 28.4 lakhs they are 3 % more expensive than the average price for Kannur. Following this ranking we find those properties with 2 at an average price of ₹ 43.74 lakhs. The properties with the highest average price have 4 BHK, Their price is 188 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 58.1 lakhs.
With regard to the average price per sq.foot , those properties with 4 BHK are the most costly ones at a cost of ₹ 3,667 / sq.foot, with an average ₹ 1,645 / sq.foot price in Kannur. The properties with the highest average prices have 1 BHK. They are 221 % more expensive than the average followed by properties with 2 BHK with a price at ₹ 3,960 / sq.foot.
The graph displaying the average prices displays the property type "Farm" as the most costly one. At an cost of ₹ 28.4 lakhs it is 81 % more expensive than the average price in Kannur. "Flat" is seen as the second dearest property type. The dearest property type is "House" followed by "Flat". At a price of ₹ 66.11 lakhs it is 205 % more expensive than the average price.
According to the average cost per sq.foot, the most expensive property type would be "Farm" at an average cost of ₹ 3,302 / sq.foot followed by "Flat" priced at ₹ 3,686 / sq.foot. "House" is the most costly type of property with a ₹ 10,171 / sq.foot cost followed by "Flat" with an average price of ₹ 3,686 / sq.foot.
