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 September, the average price per sq.foot was ₹ 2,986. In the following month the price per sq.foot decreased considerably to ₹ 1,653. The price for the following two months in (November, December) had a considerable decrease of 56 with regard to the prior two months. The price per sq.foot has had a considerable increase of 147 % 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 ₹ 1,804.75 to ₹ 2,658.5 during January, and February.
Based upon to the price in Kurnool (cities), this has fallen considerably in the last 6 months. The average price for September is ₹ 39.81 lakhs. During October the price had a considerable reduction till ₹ 22.69 lakhs. During the following two months (November, December) the average price had a considerable reduction of 43 % 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 254 % during the last two months.
The graph displaying the average price for BHK illustrates that those properties with 2 BHK are the cheapest ones. At a price of ₹ 71.78 lakhs they are 48 % more affordable than the average price for Kurnool. The properties with the highest average price have 4 BHK, Their price is 47 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 81.48 lakhs.
With regard to the average price per sq.foot , those properties with 2 BHK are the cheapest ones at a cost of ₹ 2,925 / sq.foot, with an average ₹ 3,220 / sq.foot price in Kurnool. The properties with the highest average prices have 1 BHK. They are 802 % more expensive than the average followed by properties with 4 BHK with a price at ₹ 6,834 / sq.foot.
The graph displaying the average prices displays the property type "Villa" as the most affordable one. At an cost of ₹ 71.78 lakhs it is 35 % cheaper than the average price in Kurnool. "Flat" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of ₹ 62.03 lakhs it is 102 % 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 ₹ 1,608 / sq.foot followed by "Farm" priced at ₹ 2,473 / sq.foot. "Flat" is the most costly type of property with a ₹ 7,568 / sq.foot cost followed by "House" with an average price of ₹ 5,377 / sq.foot.