The prices in real estate in Kannur, in the Kerala region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.foot in Kannur has fallen in the last 6 months. In August, the average price per sq.foot was ₹ 25,352. In the following month the price per sq.foot decreased considerably to ₹ 3,918. The price for the following two months in (October, November) had a considerable decrease of 27 with regard to the prior two months. The price per sq.foot has had a considerable increase of 570 % 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 ₹ 9,283.25 to ₹ 52,909.5 during December, and January.
Based upon to the price in Kannur (cities), this has gone downing the last 6 months. The average price for August is ₹ 80.37 lakhs. During September the price had a considerable reduction till ₹ 64.65 lakhs. During the following two months (October, November) the average price fell 90 % 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 129 % during the last two months.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 1.16 crores they are 74 % more affordable than the average price for Kannur. The properties with the lowest average price have 4 BHK, Their price is 28 % cheaper than the average. After that we have properties with 3 BHK priced at ₹ 58.57 lakhs.
With regard to the average price per sq.foot , those properties with 4 BHK are the cheapest ones at a cost of ₹ 3,723 / sq.foot, with an average ₹ 98,671 / sq.foot price in Kannur. The properties with the lowest average prices have 1 BHK. They are 95 % cheaper than the average followed by properties with 2 BHK with a price at ₹ 3,992 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 1.16 crores it is 55 % cheaper than the average price in Kannur. "Farm" is seen as the second most affordable property type. The cheapest type property is "Land" followed by "House". At a price of ₹ 77.22 lakhs it is 14 % more affordable than the average price.
According to the average cost per sq.foot, the cheapest property type is "Farm" at an average cost of ₹ 3,454 / sq.foot followed by "Villa" priced at ₹ 3,742 / sq.foot. "Land" is the cheapest type of property with a ₹ 76,541 / sq.foot value followed by "House" with an average price of ₹ 16,050 / sq.foot.