The rent prices in real estate in Faisalabad, in the Punjab region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Faisalabad has risen strongly during the last 6 months. In March, the average price per sq.feet was Rs. 234.46. In the following month the price per sq.feet fell considerably to Rs. 171.87. The price for the following two months in (May, June) had a considerable rise of 202 %. The price per sq.feet has had a considerable rise of 76394 % 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 Rs. 307.07 to Rs. 2.35 lakhs during July, and August.
When referring to the price in Faisalabad (cities), this has risen considerably in the last 6 months. The average price during our first sample month during March, is Rs. 91,565. During April the price went through a considerable rise reaching Rs. 1.23 lakhs. During the following two months (May, June) the average price had a considerable fall of 58 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 1431 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 97 % more affordable than the average price of Rs. 74,239 in Faisalabad. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 97 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 100 % more affordable than the average price of (Rs. 40 / sq.feet) in Faisalabad. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 100 % more affordable than the average value aforementioned.
With regard to the average price based upon the property in Faisalabad we can see that the most affordable property type is "House" at a price of Rs. 74,239, they are 97 % cheaper than the average price. "House" has the most affordable price. This price is 97 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most affordable property type is "House with an average cost of Rs. 40 / sq.feet. "House" with an average price of Rs. 40 / sq.feet has the most affordable price and would be directed at less affluent cities.