The prices in real estate in Malappuram, 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 Malappuram has remained the same in the last 6 months. In March, the average price per sq.foot was ₹ 24.5 lakhs. In April this price pretty much remained the same at a value of ₹ 24.5 lakhs per sq.foot. The price for the following two months in (May, June) had a considerable increment of 199 %. The price per sq.foot has had a considerable deflation of 0 % 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 ₹ 36.67 lakhs to ₹ 2,584.5 during July, and August.
Based upon to the price in Malappuram (cities), this has fallen considerably in the last 6 months. In our first sample month during March, the average price is ₹ 1.6 crores. In April This price remains at ₹ 1.6 crores. During the following two months (May, June) the average price had a considerable reduction of 62 % 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 ₹ 1.29 crores to ₹ 1.05 crores, which means a 81 % fall.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 55.17 lakhs they are 97 % more affordable than the average price for Malappuram. The properties with the highest average price have 2 BHK, Their price is 15 % more costly than the average. After that we have properties with 1 BHK priced at ₹ 1.65 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the cheapest ones at a cost of ₹ 311 / sq.foot, with an average ₹ 3,275 / sq.foot price in Malappuram. The properties with the highest average prices have 2 BHK. They are 322 % more expensive than the average followed by properties with 1 BHK with a price at ₹ 311 / sq.foot.
With regard to the average price based upon the property in Malappuram we can see that most expensive property type is "Villa" at a price of ₹ 63.48 lakhs, they are 15 % more costly than the average price of (!PRECIO2!). "Villa" has the highest price. This price is 15 % more expensive than the average price aforementioned.
According to the average area price by sq.foot the most costly property type is "Villa with an average price of ₹ 13,818 / sq.foot. "Villa" at an average price of ₹ 13,818 / sq.foot has the most expensive price and would be directed at more affluent cities.