The prices in real estate in Thrissur, 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 Thrissur has had a strong decrease during the last 6 months. In November, the average price per sq.foot was ₹ 3,399. In December this price pretty much remained the same at a value of ₹ 3,399 per sq.foot. In the following two months the price per sq.foot has barely changed, going from ₹ 3,399 to ₹ 3,413.5 per sq.foot. The price per sq.foot has had a considerable deflation of 50 % 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 ₹ 3,406.25 to ₹ 1,718.5 during March, and April.
Based upon to the price in Thrissur (cities), this has gone downing the last 6 months. The price in November is ₹ 57.55 lakhs, rising in December till ₹ 63.32 lakhs. In the following two months the average price has remained the same with regard to the previous two months from ₹ 60.44 lakhs to ₹ 59.84 lakhs. During the last two months the average price has had a strong fall compared to the previous four going from ₹ 60.14 lakhs to ₹ 32.55 lakhs, which means a 54 % fall.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 65.11 lakhs they are 62 % more affordable than the average price for Thrissur. The properties with the highest average price have 4 BHK, Their price is 5 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 59.47 lakhs.
With regard to the average price per sq.foot , those properties with 4 BHK are the cheapest ones at a cost of ₹ 3,259 / sq.foot, with an average ₹ 3,437 / sq.foot price in Thrissur. The properties with the highest average prices have 1 BHK. They are 21 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 3,712 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 65.11 lakhs it is 41 % cheaper than the average price in Thrissur. "Land" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "House". At a price of ₹ 67.04 lakhs it is 4 % more expensive than the average price.
According to the average cost per sq.foot, the cheapest property type is "Land" at an average cost of ₹ 1,397 / sq.foot followed by "House" priced at ₹ 3,193 / sq.foot. "Flat" is the most costly type of property with a ₹ 3,837 / sq.foot cost followed by "Villa" with an average price of ₹ 3,489 / sq.foot.