The prices in real estate in Trivandrum, 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 Trivandrum has had a strong decrease during the last 6 months. In June, the average price per sq.foot was ₹ 1.44 lakhs. In the following month the price per sq.foot increased to ₹ 1.52 lakhs. The price for the following two months in (August, September) had a considerable decrease of 3 with regard to the prior two months. The price per sq.foot has had a considerable deflation of 8 % 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 ₹ 76,321 to ₹ 6,330.5 during October, and November.
Based upon to the price in Trivandrum (cities), this has gone up considerably in the last 6 months. The average price for June is ₹ 80.6 lakhs. During July the price had a slight fall till ₹ 72.42 lakhs. In the following two months the average price has remained the same with regard to the previous two months from ₹ 76.51 lakhs to ₹ 72.83 lakhs. Based on an analysis of the first four prices and the last two months the average price has risen strongly 169 % during the last two months.
The graph displaying the average price for BHK illustrates that those properties with 2 BHK are the cheapest ones. At a price of ₹ 1.76 crores they are 75 % more affordable than the average price for Trivandrum. The properties with the lowest average price have 4 BHK, Their price is 42 % cheaper than the average. After that we have properties with 3 BHK priced at ₹ 63.48 lakhs.
With regard to the average price per sq.foot , those properties with 3 BHK are the cheapest ones at a cost of ₹ 5,173 / sq.foot, with an average ₹ 7,574 / sq.foot price in Trivandrum. The properties with the lowest average prices have 1 BHK. They are 21 % cheaper than the average followed by properties with 2 BHK with a price at ₹ 5,519 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 1.76 crores it is 71 % cheaper than the average price in Trivandrum. "Office" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of ₹ 92.87 lakhs it is 274 % 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 ₹ 1,929 / sq.foot followed by "Villa" priced at ₹ 3,823 / sq.foot. "Commercial" is the most costly type of property with a ₹ 32,060 / sq.foot cost followed by "House" with an average price of ₹ 15,746 / sq.foot.