The rent prices in real estate in Gujranwala, 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 Gujranwala has had a strong fall during the last 6 months. In August, the average price per sq.feet was Rs. 6,827.63. In the following month the price per sq.feet fell considerably to Rs. 4,968.34. The price for the following two months in (October, November) had a considerable fall of 37 with regard to the previous two months. The price per sq.feet has had a considerable fall of 11 % 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. 4,038.94 to Rs. 454.5 during December, and January.
When referring to the price in Gujranwala (cities), this has risen considerably in the last 6 months. The average price during our first sample month during August, is Rs. 77,600. During September the price went through a considerable rise reaching Rs. 2.13 lakhs. During the following two months (October, November) the average price had a considerable fall of 65 % 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 440 % 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 82 % more affordable than the average price of Rs. 11,035 in Gujranwala. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 82 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 3141 % more expensive than the average price of (Rs. 875 / sq.feet) in Gujranwala. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 3141 % more expensive than the average value aforementioned.
With regard to the average price based upon the property in Gujranwala we can see that the most affordable property type is "House" at a price of Rs. 11,035, they are 82 % cheaper than the average price. "House" has the most affordable price. This price is 82 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most expensive property type is "House with an average cost of Rs. 875 / sq.feet. "House" at an average price of Rs. 875 / sq.feet has the highest price and would be directed at more affluent cities.