The prices in real estate in Kollam, in the Kerala region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.foot in Kollam has remained the same in the last 6 months. In November, the average price per sq.foot was ₹ 77,529. In the following month the price per sq.foot decreased considerably to ₹ 57,421. The price for the following two months in (January, February) had a considerable increment of 133 %. The price per sq.foot has increased 107 % 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 ₹ 78,484.25 to ₹ 83,710 during March, and April.
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 November, is ₹ 1.19 crores. During December the price went through a considerable rise reaching ₹ 1.51 crores. During the following two months (January, February) the average price had a considerable increase of 189 % 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 ₹ 1.95 crores to ₹ 1.62 crores, which means a 83 % fall.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 1.45 crores they are 80 % more affordable than the average price for Kollam. The properties with the lowest average price have 4 BHK, Their price is 37 % cheaper than the average. After that we have properties with 3 BHK priced at ₹ 54.77 lakhs.
With regard to the average price per sq.foot , those properties with 2 BHK are the cheapest ones at a cost of ₹ 3,153 / sq.foot, with an average ₹ 90,157 / sq.foot price in Kollam. The properties with the lowest average prices have 1 BHK. They are 92 % cheaper than the average followed by properties with 4 BHK with a price at ₹ 3,928 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 1.45 crores it is 74 % 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 ₹ 56.78 lakhs it is 46 % 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 ₹ 2,554 / sq.foot followed by "Farm" priced at ₹ 2,917 / sq.foot. "House" is the cheapest type of property with a ₹ 22,749 / sq.foot value followed by "Flat" with an average price of ₹ 3,840 / sq.foot.