The prices in real estate in Gujranwala, 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 Gujranwala has increased strongly during the last 6 months. In February, the average price per sq.feet was Rs. 2,318. In the following month the price per sq.feet increased to Rs. 2,472. The price for the following two months in (April, May) had a considerable increment of 385 %. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of Rs. 5,806.25 to Rs. 5,819 during June y July
Based upon to the price in Gujranwala (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during February, is Rs. 35.47 lakhs. During March the price went through a considerable rise reaching Rs. 52.38 lakhs. During the following two months (April, May) the average price had a considerable increase of 128 % 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. 50.05 lakhs to Rs. 36.13 lakhs, which means a 72 % fall.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 41 % more costly than the average price of Rs. 49.48 lakhs in Gujranwala. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 41 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 61 % cheaper than the average price of (Rs. 2,715 / sq.feet) in Gujranwala. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 61 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Gujranwala we can see that most expensive property type is "House" at a price of Rs. 49.48 lakhs, they are 41 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 41 % 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. 2,715 / sq.feet. "House" with an average cost of Rs. 2,715 / sq.feet has the lowest price and would be directed at less affluent cities.