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 July, the average price per sq.foot was ₹ 11,684. The following month (August) the price increased to ₹ 12,350 per sq.foot. The following two months (September, October) went through a considerable deflation of 65 % 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 decrease of 43 %. This has been obtained by comparing the price of ₹ 9,893.75 for the first four months of the sample with regard to the previous 4 months and the price of ₹ 4,252 per sq.foot for the last two months (November, December).
Based upon to the price in Andhra Pradesh (region), this has decreased in the last 6 months. The average price in July is ₹ 41.9 lakhs. In August the price increased to ₹ 45.24 lakhs. In the following two months the average price has decreased 82 % compared to the previous two. During the last two months the average price has remained stagnant and has gone from ₹ 39.76 lakhs to ₹ 39.97 lakhs during November and December.
The graph displaying the the average price per number of BHK shows that those with 2 BHK are the dearest ones. They are 9 % more expensive than the average price in Andhra Pradesh followed by those properties with 3 with an average price of ₹ 61.26 lakhs. The most costly properties have 1 BHK. They are 247 % more expensive than the average followed by those properties with 4 BHK priced at ₹ 76.11 lakhs.
Based on the average price per sq.foot those properties with 1 BHK are the cheapest ones with a price of ₹ 3,602 / sq.foot being ₹ 3,979 / 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 159 % more costly than the average followed by those with 2 BHK with a price of ₹ 4,714 / sq.foot.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of ₹ 44.28 lakhs it is 16 % more affordable than the average in Andhra Pradesh. This is followed by "House" with a price of ₹ 53.32 lakhs. The dearest property type is "Commercial" and is 1098 % more expensive than the average, followed by "Villa" with a cost of ₹ 81.61 lakhs.
Based on the average cost per sq.foot the most costly property type is "Flat with a an average price of ₹ 4,485 / sq.foot, followed by "Villa" with a price of ₹ 4,792 / sq.foot. "Land" with an average price of ₹ 12,735 / sq.foot is the most costly type of property followed by "Commercial" at a price of ₹ 7,136 / sq.foot.