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 August, the average price per sq.foot was ₹ 47,878. In the following month the price per sq.foot decreased considerably to ₹ 5,345. The price for the following two months in (October, November) had a considerable decrease of 54 with regard to the prior two months. The price per sq.foot has had a considerable deflation of 81 % 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 ₹ 20,438.25 to ₹ 16,472.5 during December, and January.
Based upon to the price in Trivandrum (cities), this has gone downing the last 6 months. The average price for August is ₹ 86.49 lakhs. During September the price had a considerable reduction till ₹ 72.44 lakhs. During the following two months (October, November) the average price fell 86 % 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 119 % during the last two months.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 89.89 lakhs they are 67 % more affordable than the average price for Trivandrum. The properties with the highest average price have 4 BHK, Their price is 3 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 53.05 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the cheapest ones at a cost of ₹ 3,143 / sq.foot, with an average ₹ 15,687 / sq.foot price in Trivandrum. The properties with the lowest average prices have 2 BHK. They are 71 % cheaper than the average followed by properties with 4 BHK with a price at ₹ 4,078 / sq.foot.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of ₹ 89.89 lakhs it is 35 % cheaper than the average price in Trivandrum. "Villa" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of ₹ 60.44 lakhs it is 617 % more expensive than the average price.
According to the average cost per sq.foot, the cheapest property type is "House" at an average cost of ₹ 3,915 / sq.foot followed by "Flat" priced at ₹ 4,352 / sq.foot. "Commercial" is the most costly type of property with a ₹ 53,225 / sq.foot cost followed by "Villa" with an average price of ₹ 5,594 / sq.foot.