Kannur
The real estate market in Kannur currently displays a steady valuation, with city-wide property rates holding at ₹4,350 per sq ft. This stability is particularly evident in the apartment sector, which maintains its pricing consistency, while the villa market has experienced a correction of -15.47%, bringing average prices to ₹2,450 per sq ft. Investors and homebuyers are navigating a landscape where established residential assets continue to anchor the local economy. Market participants are observing these shifts as opportunities to acquire premium space at adjusted rates.
The average asking price in Kannur is ₹4,350 per sq ft as of June 2026. This rate has remained stable with a 0% change compared to the previous quarter, indicating a period of price consistency in the local residential apartment market.
Property prices in Kannur have shown a fluctuating trajectory, moving from ₹6,300 per sq ft in September 2025 to a consistent ₹4,350 per sq ft recorded in both December 2025 and March 2026. This adjustment reflects a significant market correction from the higher valuations seen in late 2025, providing a more stabilized entry point for prospective buyers as of June 2026.
As of June 2026, apartments in Kannur command an average asking price of ₹4,350 per sq ft, while villas are priced at an average of ₹2,450 per sq ft. Notably, villa pricing has seen a depreciation of 15.47% compared to previous periods, suggesting a softening in demand or an increase in supply for larger independent residential units compared to the stable pricing observed in the apartment segment.
The stability in apartment pricing, which has held at ₹4,350 per sq ft from December 2025 through June 2026 with 0% change, suggests a balanced market where demand and supply are currently well-aligned. For end-users, this stability offers a predictable environment for financial planning, as the market is not currently undergoing the rapid volatility seen in other property types like villas.
