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 September, the average price per sq.feet was Rs. 4,032. In October this price pretty much remained the same at a value of Rs. 3,838 per sq.feet. In the following two months the price per sq.feet has barely changed, going from Rs. 3,935 to Rs. 3,746 per sq.feet. The price per sq.feet has had a considerable increase of 8630 % 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. 3,840.5 to Rs. 3.31 lakhs during January, and February.
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 September, is Rs. 57.71 lakhs. During October the price went through a considerable rise reaching Rs. 76.04 lakhs. During the following two months (November, December) the price has had an average incrementation from Rs. 66.87 lakhs to Rs. 72.47 lakhs. Based on an analysis of the first four prices and the last two months the average price has risen strongly 147 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 51 % cheaper than the average price of Rs. 67.55 lakhs in Faisalabad. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 51 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 100 % cheaper than the average price of (Rs. 3,222 / 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 100 % 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. 67.55 lakhs, they are 51 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 51 % 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. 3,222 / sq.feet. "House" with an average cost of Rs. 3,222 / sq.feet has the lowest price and would be directed at less affluent cities.