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 September, the average price per sq.foot was ₹ 2,507. In the following month the price per sq.foot decreased to ₹ 2,232. The price for the following two months in (November, December) had a considerable increment of 486 %. The price per sq.foot has had a considerable increase of 435 % 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 ₹ 6,948.25 to ₹ 30,220 during January, and February.
Based upon to the price in Kottayam (cities), this has gone up considerably in the last 6 months. The average price for September is ₹ 66.6 lakhs. During October the price had a slight fall till ₹ 58.42 lakhs. During the following two months (November, December) the average price had a considerable increase of 692 % 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 ₹ 2.47 crores to ₹ 1.41 crores, which means a 57 % fall.
The graph displaying the average price for BHK illustrates that those properties with 2 BHK are the cheapest ones. At a price of ₹ 1.01 crores they are 69 % more affordable than the average price for Kottayam. The properties with the highest average price have 1 BHK, Their price is 10 % more costly than the average. After that we have properties with 4 BHK priced at ₹ 85.25 lakhs.
With regard to the average price per sq.foot , those properties with 2 BHK are the cheapest ones at a cost of ₹ 2,789 / sq.foot, with an average ₹ 46,379 / 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 ₹ 3,485 / sq.foot.
The graph displaying the average prices displays the property type "Villa" as the most affordable one. At an cost of ₹ 1.01 crores it is 67 % 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 "Flat". At a price of ₹ 69.74 lakhs it is 52 % more expensive than the average price.
According to the average cost per sq.foot, the cheapest property type is "Villa" at an average cost of ₹ 1,069 / sq.foot followed by "Farm" priced at ₹ 2,985 / sq.foot. "House" is the cheapest type of property with a ₹ 5,646 / sq.foot value followed by "Flat" with an average price of ₹ 3,352 / sq.foot.