The prices in real estate in Hilir Perak, in the Perak region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Hilir Perak has had a strong decrease during the last 6 months. In November, the average price per sq.feet was RM 317. In December this price pretty much remained the same at a value of RM 311 per sq.feet. The price for the following two months in (January, February) had a considerable decrease of 85 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 74 % 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 289.75 to RM 213.5 during March, and April.
Based upon to the price in Hilir Perak (cities), these have remained the same in the last 6 months. The average price for November is RM 463,867. During December the price had a slight fall till RM 433,725. During the following two months (January, February) the price has had an average incrementation from RM 448,796 to RM 490,909. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 90 %, going from RM 469,852.5 to RM 420,601 in March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of RM 415,361 they are 58 % more affordable than the average price for Hilir Perak. The properties with the highest average price have 1 bedroom, Their price is 2889 % more costly than the average. After that we have properties with 2 bedrooms priced at RM 175,158.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of RM 32,990 / sq.feet, with an average RM 212 / sq.feet price in Hilir Perak. The properties with the highest average prices have 1 bedroom. They are 37694 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 32,990 / sq.feet.
With regard to the average price based upon the property in Hilir Perak we can see that the cheapest property type is "Vacant Land" at a price of RM 175,158, they are 58 % more affordable than the average price of (!PRECIO2!). "Vacant Land" has the lowest price. This price is 58 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "Vacant Land with an average price of RM 32,990 / sq.feet. "Vacant Land" at an average price of RM 32,990 / sq.feet has the most expensive price and would be directed at more affluent cities.