The rent prices in real estate in Multan, 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 Multan has had a strong fall during the last 6 months. In February, the average price per sq.feet was Rs. 49.86. In the following month the price per sq.feet fell considerably to Rs. 24.2. The price for the following two months in (April, May) had a considerable fall of 71 with regard to the previous two months. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of Rs. 31.71 to Rs. 31.15 during June y July
When referring to the price in Multan (cities), there have hardly been any changes in the last 6 months. The average price for February is Rs. 49,250. During March the price had a slight fall till Rs. 42,438. In the following two months the average price has hardly changed with regard to the previous two months from Rs. 45,844 to Rs. 45,889.5. Based on an analysis of the first four prices and the last two months the average price has increased 110 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of Rs. 55,000 they are 71 % more affordable than the average price for Multan . The properties with the lowest average price have 2 bedrooms, Their price is 9 % more affordable than the average. After that we have properties with 1 bedroom priced at Rs. 16,000.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of Rs. 10.67 / sq.feet, with an average Rs. 36.97 / sq.feet price in Multan. The properties with the most expensive average prices have 2 bedrooms. They are 106 % more expensive than the average followed by properties with 1 bedroom with a price at Rs. 10.67 / sq.feet.
With regard to the average price based upon the property in Multan we can see that the most affordable property type is "House" at a price of Rs. 49,917, they are 9 % cheaper than the average price. "House" has the most affordable price. This price is 9 % 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. 76 / sq.feet. "House" at an average price of Rs. 76 / sq.feet has the highest price and would be directed at more affluent cities.