Property prices for sale in Salem (Tamil Nadu)
The prices in real estate in Salem, in the Tamil Nadu 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 Salem has had a strong decrease during the last 6 months. In October, the average price per sq.foot was ₹ 3,208. In the following month the price per sq.foot decreased to ₹ 2,994. The price for the following two months in (December, January) had a considerable decrease of 57 with regard to the prior two months. The price per sq.foot has had a considerable deflation of 78 % 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 ₹ 2,427.75 to ₹ 1,893 during February, and March.
Based upon to the price in Salem (cities), this has fallen considerably in the last 6 months. The average price for October is ₹ 66.04 lakhs. During November the price had a considerable reduction till ₹ 55.96 lakhs. During the following two months (December, January) the average price had a considerable reduction of 37 % 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 ₹ 41.65 lakhs to ₹ 19.51 lakhs, which means a 47 % fall.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the most costly ones. At a price of ₹ 17.55 lakhs they are 17 % more expensive than the average price for Salem. Following this ranking we find those properties with 2 at an average price of ₹ 37.75 lakhs. The properties with the highest average price have 4 BHK, Their price is 1170 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 65.46 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the most costly ones at a cost of ₹ 3,014 / sq.foot, with an average ₹ 1,719 / sq.foot price in Salem. The properties with the highest average prices have 4 BHK. They are 548 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 4,228 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most costly one. At an cost of ₹ 17.55 lakhs it is 97 % more expensive than the average price in Salem. "Farm" is seen as the second dearest property type. The dearest property type is "House" followed by "Villa". At a price of ₹ 49.27 lakhs it is 301 % more expensive than the average price.
According to the average cost per sq.foot, the cheapest property type is "Flat" at an average cost of ₹ 1,507 / sq.foot followed by "Farm" priced at ₹ 2,370 / sq.foot. "House" is the most costly type of property with a ₹ 4,464 / sq.foot cost followed by "Villa" with an average price of ₹ 3,426 / sq.foot.
