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. 6,278. In the following month the price per sq.feet decreased considerably to Rs. 2,811. The price for the following two months in (November, December) had a considerable decrease of 71 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 65 % 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. 3,895.75 to Rs. 2,525.5 during January, and February.
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 September, is Rs. 43.45 lakhs. During October the price went through a considerable rise reaching Rs. 60.72 lakhs. During the following two months (November, December) the average price had a considerable increase of 116 % 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. 56.24 lakhs to Rs. 42.63 lakhs, which means a 76 % fall.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 40 % more costly than the average price of Rs. 49.73 lakhs in Gujranwala. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 40 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 18 % more costly than the average price of (Rs. 2,730 / sq.feet) in Gujranwala. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 18 % more costly 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. 49.73 lakhs, they are 40 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 40 % more expensive than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "House with an average price of Rs. 2,730 / sq.feet. "House" at an average price of Rs. 2,730 / sq.feet has the most expensive price and would be directed at more affluent cities.