KERALA LAND BUYER'S COMPANION HANDBOOK
Architect Shahdad Karim
PART I: Getting to Know the Property
Chapter 3: Prevailing
Real Estate Prices
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.
