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 December, the average price per sq.feet was Rs. 63.77. In the following month the price per sq.feet fell considerably to . The price for the following two months in (February, March) had a considerable fall of 77 with regard to the previous two months. The price per sq.feet has had a considerable rise of 155 % 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. 28.14 to Rs. 43.71 during April, and May.
When referring to the price in Multan (cities), there have hardly been any changes in the last 6 months. The average price for December is Rs. 2.78 lakhs. During January the price had a considerable fall till . During the following two months (February, March) the average price had a considerable rise of 175 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 224 % 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. 3.69 lakhs they are 96 % more affordable than the average price for Multan . The properties with the lowest average price have 2 bedrooms, Their price is 87 % more affordable than the average. After that we have properties with 1 bedroom priced at Rs. 15,904.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of Rs. 5 / sq.feet, with an average Rs. 38.63 / sq.feet price in Multan. The properties with the most expensive average prices have 2 bedrooms. They are 45 % more expensive than the average followed by properties with 1 bedroom with a price at Rs. 5 / 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. 48,918, they are 87 % cheaper than the average price. "House" has the most affordable price. This price is 87 % 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. 56 / sq.feet. "House" at an average price of Rs. 56 / sq.feet has the highest price and would be directed at more affluent cities.