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13.3.23

Chapter 3: Prevailing Real Estate Prices


KERALA LAND BUYER'S COMPANION HANDBOOK

Architect Shahdad Karim

PART I: Getting to Know the Property 

Chapter 3: Prevailing Real Estate Prices

Understand the prevailing real estate prices in the area.

If you are planning to buy a home in Kerala, it is essential to know the prevailing real estate prices in the area. Understanding the market value of the property can help you make an informed decision and ensure that you are not overpaying for your new home.

 

Here are some tips to help you understand the prevailing real estate prices in Kerala:

 

1. Research online

One of the easiest ways to understand the prevailing real estate prices in Kerala is to research online. There are several online real estate portals that provide information on property prices, trends, and locations. You can search for properties in the area you are interested in and get an idea of the price range. You can also compare the prices of similar properties in the same locality to get a better understanding of the market.

 

2. Talk to real estate agents

Real estate agents are experts in the local market and can provide valuable insights into the prevailing real estate prices in Kerala. They can help you find properties that match your requirements and budget and give you an idea of the market value of the property. You can also ask them about the latest trends in the market and get an idea of the future prospects of the area.

 

3. Visit the area

If you are planning to buy a home in Kerala, it is essential to visit the area to get a better understanding of the market. You can walk around the locality and check out the properties that are available for sale. You can also talk to the locals and get an idea of the market value of the property. This can give you a better understanding of the area and help you make an informed decision.

 

5. Check out the newspapers

Newspapers are a great source of information as they often carry advertisements for properties that are for sale. You can also read the real estate section of the newspaper to get an idea of the latest trends in the market.

 

6. Consider the amenities

The amenities available in the locality can also have an impact on the real estate prices in Kerala. Properties in areas with good infrastructure and amenities such as hospitals, schools, parks, and shopping centers tend to be more expensive than properties in areas without such amenities. You should take into account the amenities available in the locality when considering the real estate prices.

 

7. Keep an eye on the market

Real estate prices in Kerala can fluctuate depending on market conditions. It is essential to keep an eye on the market and stay updated on the latest trends. You can subscribe to real estate newsletters or follow real estate experts on social media to stay informed about the latest developments in the market.

 

Conclusion

In conclusion, understanding the prevailing real estate prices in Kerala is essential if you are planning to buy a home in the state. By researching online, talking to real estate agents, visiting the area, attending property auctions, checking out the newspapers, considering the amenities, and keeping an eye on the market, you can get a better understanding of the market value of the property and make an informed decision.

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