The prices in real estate in Kurnool, in the Andhra Pradesh region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.foot in Kurnool has had a strong decrease during the last 6 months. In June, the average price per sq.foot was ₹ 5,249. In the following month the price per sq.foot decreased considerably to ₹ 2,380. The price for the following two months in (August, September) had a considerable decrease of 66 with regard to the prior two months. The price per sq.foot has had a considerable deflation of 49 % 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 ₹ 3,161.25 to ₹ 1,557 during October, and November.
Based upon to the price in Kurnool (cities), this has fallen considerably in the last 6 months. The average price for June is ₹ 39.85 lakhs. During July the price had a slight fall till ₹ 37.53 lakhs. During the following two months (August, September) the average price fell 87 % 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 ₹ 36.19 lakhs to ₹ 19.11 lakhs, which means a 53 % fall.
The graph displaying the average price for BHK illustrates that those properties with 2 BHK are the most costly ones. At a price of ₹ 15.54 lakhs they are 140 % more expensive than the average price for Kurnool. Following this ranking we find those properties with 1 at an average price of ₹ 67.25 lakhs. The properties with the highest average price have 4 BHK, Their price is 579 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 81.32 lakhs.
With regard to the average price per sq.foot , those properties with 2 BHK are the most costly ones at a cost of ₹ 2,919 / sq.foot, with an average ₹ 1,461 / sq.foot price in Kurnool. The properties with the highest average prices have 1 BHK. They are 1884 % more expensive than the average followed by properties with 4 BHK with a price at ₹ 6,855 / sq.foot.
The graph displaying the average prices displays the property type "Villa" as the most costly one. At an cost of ₹ 15.54 lakhs it is 202 % more expensive than the average price in Kurnool. "Flat" is seen as the second dearest property type. The dearest property type is "House" followed by "Land". At a price of ₹ 62.22 lakhs it is 837 % more expensive than the average price.
According to the average cost per sq.foot, the most expensive property type would be "Land" at an average cost of ₹ 1,614 / sq.foot followed by "Farm" priced at ₹ 2,482 / sq.foot. "Flat" is the most costly type of property with a ₹ 7,592 / sq.foot cost followed by "House" with an average price of ₹ 5,395 / sq.foot.