The prices in real estate in Prakasam, in the Andhra Pradesh 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 Prakasam has fallen in the last 6 months. In October, the average price per sq.foot was ₹ 707. In the following month the price per sq.foot decreased considerably to ₹ 498. The price for the following two months in (December, January) had a considerable decrease of 66 with regard to the prior two months. The price per sq.foot has had a considerable increase of 200 % 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 ₹ 500.5 to ₹ 999 during February, and March.
Based upon to the price in Prakasam (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is ₹ 14.62 lakhs. In November This price remains at ₹ 14.53 lakhs. During the following two months (December, January) the average price fell 94 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 130 % during the last two months.