The prices in real estate in Gujrat, 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 Gujrat has had a strong decrease during the last 6 months. In January, the average price per sq.feet was Rs. 4,556. In the following month the price per sq.feet decreased considerably to Rs. 3,179. The price for the following two months in (March, April) had a considerable decrease of 79 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 75 % 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. 3,470 to Rs. 2,613.5 during May, and June.
Based upon to the price in Gujrat (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is Rs. 57.34 lakhs. During February the price went through a considerable rise reaching Rs. 73.22 lakhs. During the following two months (March, April) the price has had an average incrementation from Rs. 65.28 lakhs to Rs. 73.91 lakhs. Based on an analysis of the first four prices and the last two months the average price has risen strongly 135 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 52 % cheaper than the average price of Rs. 57.05 lakhs in Gujrat. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 52 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 62 % more costly than the average price of (Rs. 4,531 / sq.feet) in Gujrat. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 62 % more costly than the average value aforementioned.
With regard to the average price based upon the property in Gujrat we can see that the cheapest property type is "House" at a price of Rs. 57.05 lakhs, they are 52 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 52 % more affordable 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. 4,531 / sq.feet. "House" at an average price of Rs. 4,531 / sq.feet has the most expensive price and would be directed at more affluent cities.