The prices in real estate in Malappuram, in the Kerala 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 Malappuram has had a strong decrease during the last 6 months. In November, the average price per sq.foot was ₹ 20.95 lakhs. In the following month the price per sq.foot decreased to ₹ 18.49 lakhs. The price for the following two months in (January, February) had a considerable decrease of 48 with regard to the prior two months. The price per sq.foot has had a considerable increase of 168 % 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 ₹ 14.58 lakhs to ₹ 24.5 lakhs during March, and April.
Based upon to the price in Malappuram (cities), this has gone up considerably in the last 6 months. The average price for November is ₹ 73.69 lakhs. During December the price had a slight fall till ₹ 65.73 lakhs. During the following two months (January, February) the price has had an average incrementation from ₹ 69.71 lakhs to ₹ 79.55 lakhs. Based on an analysis of the first four prices and the last two months the average price has risen strongly 214 % during the last two months.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 1.6 crores they are 99 % more affordable than the average price for Malappuram. The properties with the lowest average price have 2 BHK, Their price is 60 % cheaper than the average. After that we have properties with 1 BHK priced at ₹ 1.66 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the cheapest ones at a cost of ₹ 315 / sq.foot, with an average ₹ 24.5 lakhs / sq.foot price in Malappuram. The properties with the lowest average prices have 2 BHK. They are 99 % cheaper than the average followed by properties with 1 BHK with a price at ₹ 315 / sq.foot.
With regard to the average price based upon the property in Malappuram we can see that the cheapest property type is "Villa" at a price of ₹ 63.74 lakhs, they are 60 % more affordable than the average price of (!PRECIO2!). "Villa" has the lowest price. This price is 60 % more affordable than the average price aforementioned.
According to the average area cost by sq.foot the cheapest property type is "Villa with an average price of ₹ 13,874 / sq.foot. "Villa" with an average cost of ₹ 13,874 / sq.foot has the lowest price and would be directed at less affluent cities.