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 March, the average price per sq.feet was Rs. 48.79. In April this price barely changed remaining at Rs. 48.79 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from Rs. 48.79 to Rs. 50.81 per sq.feet. The price per sq.feet has had a considerable fall of 48 % 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. 49.8 to Rs. 24 during July, and August.
When referring to the price in Multan (cities), this has fallen considerably in the last 6 months. In our first sample month during March, the average price is Rs. 4.84 lakhs. In April This price remains at Rs. 4.84 lakhs. During the following two months (May, June) the average price had a considerable fall of 67 % 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. 4.04 lakhs to Rs. 2.42 lakhs, which means a 60 % fall.