Bought a 1000 sq ft house in Vazhoor, Kerala for 26 lakhs in 2013. Now offers are 24 lakhs, with claims no one pays above 18 lakhs. Realistic?
Taking an approach similar to my own real estate experience, I observed that property values in Kerala can sometimes display counterintuitive trends. In some localities, a decline is evident due to shifts in market sentiment, though this is not universally true. A 1000 sq ft house in Vazhoor might have several influencing factors such as location specifics, local infrastructure developments, and even changes in community preferences. It seems plausible that differing views on property worth can explain these price variations. It would be wise to conduct a thorough local market analysis for a clear understanding.
my take is that kerala’s market is very localised. a drop in offers might mean oversupply in vazhroor rather than a genuine shift. always useful to directly consult local agents tho regarless of claims.