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 April, the average price per sq.foot was ₹ 1.18 crores. In the following month the price per sq.foot decreased considerably to ₹ 78.44 lakhs. The price for the following two months in (June, July) had a considerable decrease of 0 with regard to the prior two months. 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 ₹ 49.22 lakhs to ₹ 18,836 during August, and September.
Based upon to the price in Pathanamthitta (cities), this has fallen considerably in the last 6 months. The average price for April is ₹ 7.72 crores. During May the price had a considerable reduction till ₹ 6.31 crores. During the following two months (June, July) the average price had a considerable reduction of 33 % 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 ₹ 4.67 crores to ₹ 90.11 lakhs, which means a 19 % fall.
The graph displaying the average price for BHK illustrates that those properties with 2 BHK are the cheapest ones. At a price of ₹ 64.43 lakhs they are 39 % more affordable than the average price for Pathanamthitta. The properties with the highest average price have 4 BHK, Their price is 19 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 57.09 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the cheapest ones at a cost of ₹ 2,058 / sq.foot, with an average ₹ 2,284 / sq.foot price in Pathanamthitta. The properties with the highest average prices have 3 BHK. They are 45 % more expensive than the average followed by properties with 2 BHK with a price at ₹ 3,230 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 64.43 lakhs it is 19 % 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 ₹ 52.02 lakhs it is 12 % 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 ₹ 1,174 / sq.foot followed by "Flat" priced at ₹ 3,186 / sq.foot. "Villa" is the most costly type of property with a ₹ 3,399 / sq.foot cost followed by "Flat" with an average price of ₹ 3,186 / sq.foot.