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 October, the average price per sq.feet was Rs. 24.35. In the following month the price per sq.feet rose considerably to Rs. 1,119.42. In the following two months the price per sq.feet has practically remained the same, going from Rs. 571.89 to Rs. 559.71 per sq.feet. The price per sq.feet has had a considerable fall of 3 % 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. 565.8 to Rs. 17.75 during February, and March.
When referring to the price in Faisalabad (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during October, is Rs. 53,750. During November the price went through a considerable rise reaching Rs. 65,000. During the following two months (December, January) the average price had a considerable fall of 55 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from Rs. 45,937.5 to Rs. 27,166.5, which means a 59 % fall.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 35 % more expensive than the average price of Rs. 73,199 in Faisalabad. Based on the bedrooms values, properties with the most expensive rent prices are those with 1 bedroom. They are 35 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 27 % more affordable than the average price of (Rs. 26 / 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 27 % more affordable than the average value aforementioned.
With regard to the average price based upon the property in Faisalabad we can see that the least affordable property type is "House" at a price of Rs. 73,199, they are 35 % more expensive than the average price. "House" has the most expensive price. This price is 35 % more expensive 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. 26 / sq.feet. "House" with an average price of Rs. 26 / sq.feet has the most affordable price and would be directed at less affluent cities.