The prices in real estate in Kollam, 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 Kollam has increased strongly during the last 6 months. In August, the average price per sq.foot was ₹ 2,393. In the following month the price per sq.foot decreased considerably to ₹ 1,777. The price for the following two months in (October, November) had a considerable increment of 1284 %. The price per sq.foot has had a considerable increase of 172 % 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 ₹ 14,433 to ₹ 24,848 during December, and January.
Based upon to the price in Kollam (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during August, is ₹ 42.9 lakhs. During September the price went through a considerable rise reaching ₹ 51.3 lakhs. During the following two months (October, November) the average price had a considerable increase of 144 % 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 167 % 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 ₹ 1.04 crores they are 72 % more affordable than the average price for Kollam. The properties with the lowest average price have 4 BHK, Their price is 13 % cheaper than the average. After that we have properties with 3 BHK priced at ₹ 53.9 lakhs.
With regard to the average price per sq.foot , those properties with 2 BHK are the cheapest ones at a cost of ₹ 3,089 / sq.foot, with an average ₹ 3,283 / sq.foot price in Kollam. The properties with the highest average prices have 1 BHK. They are 111 % more expensive than the average followed by properties with 4 BHK with a price at ₹ 3,844 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 1.04 crores it is 64 % cheaper than the average price in Kollam. "Flat" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Villa". At a price of ₹ 55.6 lakhs it is 27 % more affordable than the average price.
According to the average cost per sq.foot, the cheapest property type is "Land" at an average cost of ₹ 2,491 / sq.foot followed by "Farm" priced at ₹ 2,854 / sq.foot. "House" is the most costly type of property with a ₹ 22,266 / sq.foot cost followed by "Flat" with an average price of ₹ 3,756 / sq.foot.