The prices in real estate in Pathanamthitta, 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 Pathanamthitta has had a strong decrease during the last 6 months. In August, the average price per sq.foot was ₹ 90,623. In the following month the price per sq.foot decreased considerably to ₹ 9,233. The price for the following two months in (October, November) had a considerable decrease of 7 with regard to the prior two months. The price per sq.foot has had a considerable deflation of 9 % 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 ₹ 26,667.75 to ₹ 2,513 during December, and January.
Based upon to the price in Pathanamthitta (cities), this has fallen considerably in the last 6 months. The average price for August is ₹ 2.08 crores. During September the price had a slight fall till ₹ 1.8 crores. During the following two months (October, November) the average price had a considerable reduction of 32 % 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 ₹ 1.28 crores to ₹ 94.89 lakhs, which means a 74 % fall.
The graph displaying the average price for BHK illustrates that those properties with 2 BHK are the cheapest ones. At a price of ₹ 93.9 lakhs they are 58 % more affordable than the average price for Pathanamthitta. The properties with the lowest average price have 4 BHK, Their price is 18 % cheaper than the average. After that we have properties with 3 BHK priced at ₹ 57.55 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the cheapest ones at a cost of ₹ 2,082 / sq.foot, with an average ₹ 2,559 / sq.foot price in Pathanamthitta. The properties with the highest average prices have 3 BHK. They are 31 % more expensive than the average followed by properties with 2 BHK with a price at ₹ 3,262 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 93.9 lakhs it is 44 % cheaper than the average price in Pathanamthitta. "Flat" is seen as the second most affordable property type. The cheapest type property is "Villa" followed by "Flat". At a price of ₹ 52.44 lakhs it is 39 % more affordable than the average price.
According to the average cost per sq.foot, the cheapest property type is "Land" at an average cost of ₹ 1,190 / sq.foot followed by "Flat" priced at ₹ 3,218 / sq.foot. "Villa" is the most costly type of property with a ₹ 3,431 / sq.foot cost followed by "Flat" with an average price of ₹ 3,218 / sq.foot.