The rent prices in real estate in Sheikhupura, 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 Sheikhupura has risen strongly during the last 6 months. In October, the average price per sq.feet was Rs. 7.9. In the following month the price per sq.feet rose considerably to Rs. 11,672.59. The price for the following two months in (December, January) had a considerable rise of 480 %. The price per sq.feet has had a considerable rise of 210 % 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. 16,942.12 to Rs. 35,624.67 during February, and March.
When referring to the price in Sheikhupura (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is Rs. 9,000. During November the price went through a considerable rise reaching Rs. 41,750. During the following two months (December, January) the average price had a considerable rise of 403 % 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 126 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 75 % more expensive than the average price of Rs. 1.02 lakhs in Sheikhupura. Based on the bedrooms values, properties with the most expensive rent prices are those with 1 bedroom. They are 75 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 260 % more expensive than the average price of (Rs. 55,665 / sq.feet) in Sheikhupura. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 260 % more expensive than the average value aforementioned.
With regard to the average price based upon the property in Sheikhupura we can see that the least affordable property type is "House" at a price of Rs. 1.02 lakhs, they are 75 % more expensive than the average price. "House" has the most expensive price. This price is 75 % 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. 55,665 / sq.feet. "House" at an average price of Rs. 55,665 / sq.feet has the highest price and would be directed at more affluent cities.