The rent prices in real estate in Faisalabad, in the Punjab region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Faisalabad has had a strong fall during the last 6 months. In March, the average price per sq.feet was Rs. 877.04. In April this price barely changed remaining at Rs. 877.04 per sq.feet. The price for the following two months in (May, June) had a considerable fall of 0 with regard to the previous two months. The price per sq.feet has had a considerable fall of 5 % 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. 438.52 to Rs. 21.22 during July, and August.
When referring to the price in Faisalabad (cities), this has fallen considerably in the last 6 months. In our first sample month during March, the average price is Rs. 33,375. In April This price remains at Rs. 33,375. During the following two months (May, June) the average price had a considerable fall of 0 % 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 220 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 0 % more expensive than the average price of Rs. 73,569 in Faisalabad. Based on the bedrooms values, properties with the most expensive rent prices are those with 1 bedroom. They are 0 % 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. 31 / 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. 73,569, they are 0 % more expensive than the average price. "House" has the most expensive price. This price is 0 % 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. 31 / sq.feet. "House" with an average price of Rs. 31 / sq.feet has the most affordable price and would be directed at less affluent cities.