The rent prices in real estate in Gujranwala, 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 Gujranwala has risen strongly during the last 6 months. In May, the average price per sq.feet was Rs. 787.42. In the following month the price per sq.feet rose to Rs. 883.29. The price for the following two months in (July, August) had a considerable rise of 410 %. The price per sq.feet has had a considerable rise of 219 % 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. 2,131.49 to Rs. 4,664.06 during September, and October.
When referring to the price in Gujranwala (cities), this has fallen considerably in the last 6 months. The rent price in May is Rs. 8.86 lakhs, rising in June till Rs. 9.92 lakhs. During the following two months (July, August) the average price had a considerable fall of 7 % 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. 5.05 lakhs to Rs. 2.01 lakhs, which means a 40 % fall.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 94 % more affordable than the average price of Rs. 11,059 in Gujranwala. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 94 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 80 % more affordable than the average price of (Rs. 877 / sq.feet) in Gujranwala. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 80 % more affordable 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. 11,059, they are 94 % cheaper than the average price. "House" has the most affordable price. This price is 94 % 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. 877 / sq.feet. "House" with an average price of Rs. 877 / sq.feet has the most affordable price and would be directed at less affluent cities.