Kannur
The Kannur real estate market currently maintains a consistent valuation, with average property rates settling at ₹4,350 per sq ft. After experiencing a peak in September 2025, the market has balanced out, providing a stable environment for investment and home buying. Apartments remain a primary choice for residents, mirroring the city's overall average pricing. Conversely, the villa market has undergone a notable correction, which may interest buyers seeking more favorable entry points into the segment.
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 consolidation in the local residential market.
Property prices in Kannur have shown a fluctuating trajectory, moving from ₹6,300 per sq ft in September 2025 to a consistent level of ₹4,350 per sq ft throughout the period from December 2025 to March 2026. This shift reflects a market adjustment from the higher valuations observed in late 2025 toward the current stable pricing observed 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, the villa segment has seen a depreciation of 15.47% from the previous reporting period, whereas apartment prices have maintained stability with a 0% change, highlighting a distinct difference in value retention between these two property types.
The 0% change in apartment prices, which have held steady at ₹4,350 per sq ft from December 2025 to June 2026, suggests a balanced market environment in Kannur. For buyers, this stability indicates a predictable pricing landscape where the lack of sudden appreciation or depreciation allows for more confident long-term financial planning and investment assessment.
The villa segment in Kannur experienced a depreciation of 15.47% compared to the previous period, bringing the average price to ₹2,450 per sq ft as of June 2026. For investors, this downward movement may signal a market correction or an opportunity to enter the villa market at a lower capital outlay compared to the more stable apartment segment.
