Property prices for sale in Visakhapatnam (Andhra Pradesh)
The prices in real estate in Visakhapatnam, in the Andhra Pradesh region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.foot in Visakhapatnam has increased strongly during the last 6 months. In November, the average price per sq.foot was ₹ 3,698. In the following month the price per sq.foot increased considerably to ₹ 4,268. The price for the following two months in (January, February) had a considerable increment of 139 %. The price per sq.foot has increased 114 % 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 ₹ 4,760.25 to ₹ 5,414 during March, and April.
Based upon to the price in Visakhapatnam (cities), this has gone up considerably in the last 6 months. In our first sample month during November, the average price is ₹ 52.03 lakhs. In December This price remains at ₹ 52.68 lakhs. During the following two months (January, February) the average price had a considerable increase of 121 % 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 gone up 114 % 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 ₹ 68.52 lakhs they are 47 % more affordable than the average price for Visakhapatnam. The properties with the lowest average price have 4 BHK, Their price is 8 % cheaper than the average. After that we have properties with 3 BHK priced at ₹ 54.95 lakhs.
With regard to the average price per sq.foot , those properties with 2 BHK are the cheapest ones at a cost of ₹ 3,288 / sq.foot, with an average ₹ 5,639 / sq.foot price in Visakhapatnam. The properties with the lowest average prices have 1 BHK. They are 3 % cheaper than the average followed by properties with 3 BHK with a price at ₹ 3,643 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 68.52 lakhs it is 70 % cheaper than the average price in Visakhapatnam. "Farm" is seen as the second most affordable property type. The cheapest type property is "Villa" followed by "House". At a price of ₹ 44.35 lakhs it is 13 % more affordable than the average price.
According to the average cost per sq.foot, the cheapest property type is "Flat" at an average cost of ₹ 1,200 / sq.foot followed by "Farm" priced at ₹ 1,822 / sq.foot. "Villa" is the cheapest type of property with a ₹ 3,645 / sq.foot value followed by "House" with an average price of ₹ 3,461 / sq.foot.
