The prices in real estate in Palakkad, in the Kerala region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.foot in Palakkad has fallen in the last 6 months. In June, the average price per sq.foot was ₹ 3,370. In the following month the price per sq.foot decreased to ₹ 3,004. The price for the following two months in (August, September) decreased 93 % with regard to the prior two months. The price per sq.foot has barely changed in the last two months compared to the average price of the previous four months going from an average price of ₹ 3,073.75 to ₹ 3,011 during October y November
Based upon to the price in Palakkad (cities), these have remained the same in the last 6 months. The average price for June is ₹ 48.29 lakhs. During July the price had a slight fall till ₹ 42.5 lakhs. During the following two months (August, September) the price has had an average incrementation from ₹ 45.4 lakhs to ₹ 48.61 lakhs. Based on an analysis of the first four prices and the last two months the average price has risen strongly 115 % 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 ₹ 54.26 lakhs they are 68 % more affordable than the average price for Palakkad. The properties with the lowest average price have 4 BHK, Their price is 6 % cheaper than the average. After that we have properties with 3 BHK priced at ₹ 34.37 lakhs.
With regard to the average price per sq.foot , those properties with 2 BHK are the cheapest ones at a cost of ₹ 2,166 / sq.foot, with an average ₹ 3,024 / sq.foot price in Palakkad. The properties with the lowest average prices have 1 BHK. They are 7 % cheaper than the average followed by properties with 3 BHK with a price at ₹ 2,276 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 54.26 lakhs it is 41 % cheaper than the average price in Palakkad. "Villa" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Land". At a price of ₹ 57.56 lakhs it is 93 % more expensive than the average price.
According to the average cost per sq.foot, the cheapest property type is "Commercial" at an average cost of ₹ 456 / sq.foot followed by "House" priced at ₹ 2,237 / sq.foot. "Land" is the most costly type of property with a ₹ 3 lakhs / sq.foot cost followed by "Flat" with an average price of ₹ 2,940 / sq.foot.