The rent prices in real estate in Multan, 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 Multan has risen strongly during the last 6 months. In July, the average price per sq.feet was Rs. 36.97. In the following month the price per sq.feet rose considerably to Rs. 2.27 lakhs. In the following two months the price per sq.feet has practically remained the same, going from Rs. 1.13 lakhs to Rs. 1.15 lakhs per sq.feet. 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. 1.14 lakhs to Rs. 5,533.24 during November, and December.
When referring to the price in Multan (cities), this has risen considerably in the last 6 months. The average price during our first sample month during July, is Rs. 55,000. During August the price went through a considerable rise reaching Rs. 17.8 lakhs. During the following two months (September, October) the average price had a considerable rise of 161 % 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. 11.97 lakhs to Rs. 53,102, which means a 4 % fall.
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. 61,000 they are 74 % more affordable than the average price for Multan . The properties with the lowest average price have 2 bedrooms, Their price is 19 % more affordable than the average. After that we have properties with 1 bedroom priced at Rs. 15,920.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of Rs. 6 / sq.feet, with an average Rs. 11,037.48 / sq.feet price in Multan. The properties with the most affordable average prices have 2 bedrooms. They are 99 % more affordable than the average followed by properties with 1 bedroom with a price at Rs. 6 / 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. 49,667, they are 19 % cheaper than the average price. "House" has the most affordable price. This price is 19 % 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. 71 / sq.feet. "House" with an average price of Rs. 71 / sq.feet has the most affordable price and would be directed at less affluent cities.