The prices in real estate in Air Tawar, in the Penang region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Air Tawar has increased strongly during the last 6 months. In January, the average price per sq.feet was RM 297. In the following month the price per sq.feet increased considerably to RM 28,481. The price for the following two months in (March, April) had a considerable decrease of 59 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 4 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of RM 11,468 to RM 427.5 during May, and June.
Based upon to the price in Air Tawar (cities), this has gone up considerably in the last 6 months. The price in January is RM 657,450, rising in February till RM 698,069. During the following two months (March, April) the average price had a considerable increase of 120 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of RM 744,290.25 and RM 730,427.5 between May and June.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 7 % cheaper than the average price of RM 654,167 in Air Tawar. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 7 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 17 % cheaper than the average price of (RM 292 / sq.feet) in Air Tawar. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 17 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Air Tawar we can see that the cheapest property type is "Residential House" at a price of RM 654,167, they are 7 % more affordable than the average price of (!PRECIO2!). "Residential House" has the lowest price. This price is 7 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "Residential House with an average price of RM 292 / sq.feet. "Residential House" with an average cost of RM 292 / sq.feet has the lowest price and would be directed at less affluent cities.