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 October, the average price per sq.feet was Rs. 245.76. In November this price barely changed remaining at Rs. 250.57 per sq.feet. The price for the following two months in (December, January) had a considerable fall of 37 with regard to the previous two months. The price per sq.feet has had a considerable fall of 22 % 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. 170.49 to Rs. 37.03 during February, and March.
When referring to the price in Multan (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is Rs. 99,667. In November This price remains at Rs. 97,474. During the following two months (December, January) the average price had a considerable fall of 52 % 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. 74,924 to Rs. 45,844, which means a 61 % 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. 42,438 they are 62 % more affordable than the average price for Multan . The properties with the highest average price have 2 bedrooms, Their price is 18 % more expensive 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. 24.2 / sq.feet price in Multan. The properties with the most expensive average prices have 2 bedrooms. They are 231 % 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 least affordable property type is "House" at a price of Rs. 50,120, they are 18 % more expensive than the average price. "House" has the most expensive price. This price is 18 % more expensive 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. 80 / sq.feet. "House" at an average price of Rs. 80 / sq.feet has the highest price and would be directed at more affluent cities.