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 March, the average price per sq.feet was Rs. 76,576. In the following month the price per sq.feet decreased considerably to Rs. 14,839. The price for the following two months in (May, June) had a considerable decrease of 17 with regard to the prior two months. The price per sq.feet has had a considerable increase of 239 % 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. 26,831.5 to Rs. 64,225 during July, and August.
Based upon to the price in Faisalabad (cities), these have remained the same in the last 6 months. In our first sample month during March, the average price is Rs. 67.95 lakhs. In April This price remains at Rs. 66.67 lakhs. In the following two months the average price has remained the same with regard to the previous two months from Rs. 67.31 lakhs to Rs. 66.49 lakhs. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of Rs. 66.9 lakhs and Rs. 70.19 lakhs between July and August.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 2 % cheaper than the average price of Rs. 67.14 lakhs in Faisalabad. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 2 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 97 % cheaper than the average price of (Rs. 3,198 / 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 97 % 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. 67.14 lakhs, they are 2 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 2 % 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. 3,198 / sq.feet. "House" with an average cost of Rs. 3,198 / sq.feet has the lowest price and would be directed at less affluent cities.