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 December, the average price per sq.foot was ₹ 86,463. In the following month the price per sq.foot increased considerably to ₹ 1.3 lakhs. The price for the following two months in (February, March) had a considerable decrease of 22 with regard to the prior two months. The price per sq.foot has had a considerable deflation of 24 % 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 ₹ 65,945.5 to ₹ 16,043 during April, and May.
Based upon to the price in Pathanamthitta (cities), this has fallen considerably in the last 6 months. The price in December is ₹ 5.13 crores, rising in January till ₹ 5.54 crores. During the following two months (February, March) the average price had a considerable reduction of 25 % 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 ₹ 3.33 crores to ₹ 1.14 crores, which means a 34 % fall.
The graph displaying the average price for BHK illustrates that those properties with 2 BHK are the cheapest ones. At a price of ₹ 1 crores they are 60 % more affordable than the average price for Pathanamthitta. The properties with the lowest average price have 4 BHK, Their price is 21 % cheaper than the average. After that we have properties with 3 BHK priced at ₹ 58.65 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the cheapest ones at a cost of ₹ 2,139 / sq.foot, with an average ₹ 16,311 / sq.foot price in Pathanamthitta. The properties with the lowest average prices have 3 BHK. They are 79 % cheaper than the average followed by properties with 2 BHK with a price at ₹ 3,338 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 1 crores it is 47 % 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 ₹ 53.45 lakhs it is 42 % 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 ₹ 1,228 / sq.foot followed by "Flat" priced at ₹ 3,294 / sq.foot. "Villa" is the cheapest type of property with a ₹ 3,507 / sq.foot value followed by "Flat" with an average price of ₹ 3,294 / sq.foot.