The average price in the Andhra Pradesh region has had a strong decrease in recent months. There has been a strong deflation in the prices in this region.
The price per sq.foot in Andhra Pradesh has risen considerably in the last 6 months. During January, the average price per sq.foot was ₹ 2,417. In February the price pretty much stayed the same at ₹ 2,416 per sq.foot. The following two months (March, April) went through a considerable deflation of 51 % in the price per sq.foot with regard to the previous two. In the last two months, the price per sq.foot has had a significant increase of 133 %. This has been obtained by comparing the price of ₹ 1,826.5 for the first four months of the sample with regard to the previous 4 months and the price of ₹ 2,436.5 per sq.foot for the last two months (May, June).
Based upon to the price in Andhra Pradesh(region), this has decreased considerably in the last 6 months. January has an average price of ₹ 37.37 lakhs. During February the price had a slight deflation till ₹ 32.87 lakhs. In the following two months the average price has decreased 51 % compared to the previous two. During the last two months the price has had a considerable increase of 119 % with respect to the previous four months going from ₹ 26.59 lakhs a ₹ 31.57 lakhs.
The graph displaying the the average price per number of BHK shows that those with 1 BHK are the cheapest ones. They are 6 % more affordable than the average price in Andhra Pradesh followed by those with 2 with an average price of ₹ 36.41 lakhs. The most costly properties have 4 BHK. They are 523 % more expensive than the average followed by those properties with 3 BHK priced at ₹ 60.15 lakhs.
Based on the average price per sq.foot those properties with 2 BHK are the dearest ones with a price of ₹ 3,064 / sq.foot being ₹ 2,159 / sq.foot the average value within the Andhra Pradesh region. The properties with the most expensive average price are those with 4 BHK. These are 169 % more costly than the average followed by those with 3 BHK with a price of ₹ 3,409 / sq.foot.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of ₹ 26.27 lakhs it is 37 % more affordable than the average in Andhra Pradesh. This is followed by "House" with a price of ₹ 43.63 lakhs. The dearest property type is "Commercial" and is 2057 % more expensive than the average, followed by "Office" with a cost of ₹ 3.36 crores.
Based on the average cost per sq.foot the cheapest property type is "Land with a an average cost of ₹ 1,021 / sq.foot, followed by "Villa" with a price of ₹ 2,783 / sq.foot. "Office" with an average price of ₹ 61,660 / sq.foot is the most costly type of property followed by "Commercial" at a price of ₹ 7,434 / sq.foot.