The prices in real estate in Kottayam, 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 Kottayam has increased strongly during the last 6 months. In November, the average price per sq.foot was ₹ 40,404. In the following month the price per sq.foot increased considerably to ₹ 47,999. In the following two months the price per sq.foot has increased 108 %, going from ₹ 44,201.5 to ₹ 47,718.5 per sq.foot. The price per sq.foot has barely changed in the last two months compared to the average price of the previous four months going from an average price of ₹ 45,960 to ₹ 44,935.5 during March y April
Based upon to the price in Kottayam (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is ₹ 1.15 crores. In December This price remains at ₹ 1.13 crores. In the following two months the average price has remained the same with regard to the previous two months from ₹ 1.14 crores to ₹ 1.12 crores. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of ₹ 1.13 crores and ₹ 1.08 crores between March and April.
The graph displaying the average price for BHK illustrates that those properties with 2 BHK are the cheapest ones. At a price of ₹ 1.09 crores they are 71 % more affordable than the average price for Kottayam. The properties with the highest average price have 1 BHK, Their price is 3 % more costly than the average. After that we have properties with 4 BHK priced at ₹ 86.28 lakhs.
With regard to the average price per sq.foot , those properties with 2 BHK are the cheapest ones at a cost of ₹ 2,825 / sq.foot, with an average ₹ 46,055 / sq.foot price in Kottayam. 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 ₹ 3,533 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 1.09 crores it is 69 % cheaper than the average price in Kottayam. "Farm" is seen as the second most affordable property type. The dearest property type is "House" followed by "Villa". At a price of ₹ 70.58 lakhs it is 43 % more expensive than the average price.
According to the average cost per sq.foot, the cheapest property type is "Land" at an average cost of ₹ 1,103 / sq.foot followed by "Farm" priced at ₹ 3,069 / sq.foot. "House" is the cheapest type of property with a ₹ 5,748 / sq.foot value followed by "Flat" with an average price of ₹ 3,841 / sq.foot.