The prices in real estate in Gujranwala, 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 Gujranwala has had a strong decrease during the last 6 months. In September, the average price per sq.feet was Rs. 4,415. In the following month the price per sq.feet decreased considerably to Rs. 2,282. The price for the following two months in (November, December) had a considerable decrease of 57 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 45 % 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. 2,635.75 to Rs. 1,194.5 during January, and February.
Based upon to the price in Gujranwala (cities), this has gone up in the last 6 months. The average price during our first sample month during September, is Rs. 2.4 crores. During October the price went through a considerable rise reaching Rs. 2.92 crores. During the following two months (November, December) the price has had an average incrementation from Rs. 2.66 crores to Rs. 2.91 crores. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 89 %, going from Rs. 2.79 crores to Rs. 2.47 crores in January and February.