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 December, the average price per sq.feet was Rs. 13,222. In the following month the price per sq.feet increased to Rs. 13,985. The price for the following two months in (February, March) had a considerable decrease of 39 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 26 % 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. 9,444.25 to Rs. 2,483 during April, and May.
Based upon to the price in Faisalabad (cities), this has gone up considerably in the last 6 months. The price in December is Rs. 47.68 lakhs, rising in January till Rs. 50.52 lakhs. During the following two months (February, March) the average price had a considerable increase of 201 % 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 85 %, going from Rs. 74.02 lakhs to Rs. 63.11 lakhs in April and May.