Rent or Sell: What’s the Best Option for Your Flat in Thrissur?

Posted onMar 14, 2025

Thanks to the rapid growth of infrastructure projects and the growth of the IT industry, the real estate market trends in Thrissur are on an upward trajectory. With newer opportunities for entrepreneurship and employment coming to the fore, the city is attracting more people who seek housing. If you are a real estate investor and have purchased apartments in Thrissur, this is a great time for you.

But the question remains whether you should sell your apartment or give it out on rent. Each has its pros and cons, so you should make a decision only after exploring the benefits of homeownership vs. renting in Thrissur. To make it easier for you, we present a comparison here.

Understanding the Basics 

The goals of selling and renting are different. When you rent, you can continue to be the owner of your property and receive a steady income by collecting rent from the tenants. But you need to remember that there is the continuous effort associated with it: screening and managing tenants, taking care of repairs, and ensuring that the property is properly maintained, is your responsibility.

When you sell, it is a one-time thing, and you get a huge sum of money. Once the transaction is complete, you have neither any right nor any obligation. If you are in need of funds immediately, this is certainly the best option. The ideal time to sell is when the market conditions are favourable. But once it’s gone, it’s gone, you give up all rights over it, and any potential for higher profits in the future. 

When and Why You Should Rent

When the market is down, it’s not really a good idea to sell your apartment, as you may get less profit. If you are not in dire need of funds too, renting is a better idea. You can earn a steady income till the market goes up again. If you expect to return to Thrissur in the near or even distant future, it is advisable to maintain ownership and give your flat on rent. If you sell, and have to return later, you may find it extremely difficult to purchase an apartment, especially if the market has gone up.

Renting is also a good option for those who are unable to work for any reason — rental income can be a blessing in old age, disability, and so on. It can also supplement your regular income help you achieve your financial goals, and benefit from the potential value growth of the property in the future. Here’s everything you need to know about Thrissur's exploding rental market: the main reason is the floating population that is coming in because of new opportunities.

When and Why to Sell Property

There are situations when selling could be a wise choice. When the market is doing exceptionally well, and you can see that there has been a very substantial appreciation in the value of your apartment, it might be a good idea to sell. After all, the value can’t go up beyond a certain level. If you are in urgent need of funds also, it is better to sell the flat and fulfil your requirements. Especially so if you are in debt and need to pay off loans, it is better to do that than default on payments and hang on to property.

Selling property can also help you get funds to finance your business, whether new or established. In case you are permanently relocating to another city, or migrating abroad, it could be better to sell off the property rather than maintain this flat and pay taxes on it in another country. It can also be very demanding and frustrating to manage your tenants while you live in another country.

Conclusion

Eventually, whether you want to rent or sell depends completely on you, your requirements, and your goals. This is merely a guide to help you decide.

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FAQ’s

Is it more profitable to rent or sell a flat in Thrissur?

The profitability of renting vs. selling depends on market conditions and your financial goals. Renting provides a steady income and long-term asset appreciation, while selling gives you a lump sum amount, which can be beneficial if property values are high or you need immediate funds.

What factors should I consider before deciding to rent or sell my apartment?

Key factors to consider include the current real estate market trends in Thrissur, your financial needs, future plans (whether you may return to Thrissur), and the effort required to manage tenants. If the market is down, renting may be a better choice, whereas selling is ideal when prices have appreciated significantly.

What are the risks of renting out my flat instead of selling?

Renting out your flat comes with responsibilities such as tenant management, property maintenance, and potential vacancy periods. You also need to ensure legal compliance with rental agreements and local regulations. However, it can be a good long-term investment if property values continue to rise.