The prices in real estate in Faisalabad, in the Punjab region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Faisalabad has increased strongly during the last 6 months. In January, the average price per sq.feet was Rs. 3,226. In the following month the price per sq.feet increased considerably to Rs. 6.6 lakhs. The price for the following two months in (March, April) had a considerable decrease of 14 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 4 % 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. 1.89 lakhs to Rs. 7,955.5 during May, and June.
Based upon to the price in Faisalabad (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is Rs. 67.61 lakhs. During February the price went through a considerable rise reaching Rs. 1.38 crores. During the following two months (March, April) the average price had a considerable reduction of 66 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from Rs. 84.98 lakhs to Rs. 66.49 lakhs, which means a 78 % fall.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 3 % cheaper than the average price of Rs. 67.28 lakhs in Faisalabad. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 3 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 54 % cheaper than the average price of (Rs. 3,206 / 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 54 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Faisalabad we can see that the cheapest property type is "House" at a price of Rs. 67.28 lakhs, they are 3 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 3 % more affordable 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. 3,206 / sq.feet. "House" with an average cost of Rs. 3,206 / sq.feet has the lowest price and would be directed at less affluent cities.