The prices in real estate in Faisalabad, in the Punjab region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Faisalabad has had a strong decrease during the last 6 months. In August, the average price per sq.feet was Rs. 1.2 lakhs. In the following month the price per sq.feet decreased to Rs. 1.04 lakhs. The price for the following two months in (October, November) had a considerable decrease of 28 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 19 % 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. 71,851.5 to Rs. 13,603.5 during December, and January.
Based upon to the price in Faisalabad (cities), this has fallen considerably in the last 6 months. In our first sample month during August, the average price is Rs. 68.39 lakhs. In September This price remains at Rs. 67.11 lakhs. During the following two months (October, November) the average price had a considerable reduction of 67 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 87 %, going from Rs. 56.4 lakhs to Rs. 49.1 lakhs in December and January.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 32 % more costly than the average price of Rs. 66.81 lakhs in Faisalabad. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 32 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 77 % cheaper than the average price of (Rs. 3,178 / sq.feet) in Faisalabad. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 77 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Faisalabad we can see that most expensive property type is "House" at a price of Rs. 66.81 lakhs, they are 32 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 32 % more expensive than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of Rs. 3,178 / sq.feet. "House" with an average cost of Rs. 3,178 / sq.feet has the lowest price and would be directed at less affluent cities.