Overview of Thalassery, Kannur

Historical Significance and Location

Thalassery, situated in the Kannur district of Kerala, boasts historical importance and is close to the sea. This area features old-world charm along with modern conveniences, making it a great spot for families, retirees, or investors.

Property Prices and Trends

• The average price for properties in Thalassery is about Rs. 4,404 per square foot. This cost remains stable across various types of properties, showing a steady market.
• In areas such as Chonadam within Thalassery, property rates have grown by 40.06% in the past year, showing increased demand and potential value growth.

Types of Properties Available

• Residential Plots: Several plots are available in premium areas with freehold ownership, differing sizes, and great connection options.
• Independent Houses and Villas: You can find these properties at different price points to suit budget-friendly and luxury-seeking buyers.
• Flats and Apartments: Thalassery provides a choice of flats, including affordable housing and premium apartments with modern amenities.

Rental Properties

• Monthly Rentals: Rental costs vary. For instance, 2 BHK houses can be rented for Rs. 8,000 to ₹15,000 per month, while 3 BHK houses cost Rs. 8,500 to ₹15,000.
• Booking Costs: The booking fee for rental properties is generally fair, from ₹60,000 to ₹90,000.

Amenities and Infrastructure

• Near Amenities: Thalassery properties are close to schools, hospitals, shopping malls, and beaches like Muzhappilangad Drive Beach.
• Transport Links: Connectivity is improving, including Kannur International Airport, which makes the area more appealing to residents and investors.

Key Considerations for Buyers and Renters

• Supply and Demand: Increasing demand for properties in Thalassery is met with an expanding supply, creating a balanced real estate market.
• Future Value: Ongoing infrastructure development and economic stability point to rising property values, suggesting good investment potential.

PropertyWala's Final Say

Thalassery, Kannur, is a top choice in real estate if you look for both buyers and renters. Its mix of historical flavor and modern perks, stable prices, and positive future outlook makes it ideal for diverse investor types. Whether you are searching for residential plots, standalone homes, or apartments, Thalassery offers variety that fits multiple budgets and tastes. Improved access and closeness to essential facilities reinforce its attractive investment factor in this area.