Lexpress Property Trends Lexpress Property Trends EN Light Version | Page 50

SOUTH - PROPERTY SALE - 2018 - APARTMENTS ACCESSIBLE TO FOREIGNERS
APARTMENTS & PENTHOUSES: IRS, RES & PDS (NEW AND RESALE)
2018 - SHARE BY REAL ESTATE PROGRAMME (INVESTMENT SCHEME)
RES
PDS
(see also page 188 which includes R+2)
IRS
SUPPLY - LISTINGS
DEMAND - LEADS EMAILS
15%
Nearly two thirds of apartments are listed as PDS
Demand follows a trend similar to supply
2018 - SHARE OF SALE PRICES (BY PRICE RANGE IN RS)
*Irrespective of the number of bedrooms
SUPPLY - LISTINGS
DEMAND - LEADS EMAILS
In terms of supply, the core of the market is between Rs 10 and Rs 25 million
properties with nearly 72% of listings.
As for demand, 69% of leads are for properties between Rs 10 and Rs 18 million
(31% of listings)
ASSESSMENT OF SALE PRICES FOR 3 BEDROOMS
2018 - IRS MEDIAN PRICE
2018 - RES & PDS MEDIAN PRICE
Rs 22,7M
Rs 22,6M
Low Price
Median Price
1 st quartile
Rs 25,8M Rs 15M
High Price Low Price
4 th quartile 1 st quartile
Rs 24,2M
Median Price
High Price
4 th quartile
The Median Price represents the value at which 50% of properties for sale are less
expensive and 50% are more expensive The Median Price represents the value at which 50% of properties for sale are less
expensive and 50% are more expensive
The 1 st quartile represents the 25% of properties whose price are the cheapest on the
market, where 25% of the properties are worth < Rs 22,6 million The 1 st quartile represents the 25% of properties whose price are the cheapest on the
market, where 25% of the properties are worth < Rs 15 million
The 4 th quartile represents the 25% of properties whose price are the most expensive
on the market, where 25% of the properties are worth > Rs 25,8 million The 4 th quartile represents the 25% of properties whose price are the most expensive
on the market, where 25% of the properties worth > Rs 24,2 million
W
190
Rs 20M
LEXPRESSPROPERTY TRENDS