The prices in real estate in Lahore, 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 Lahore has increased strongly during the last 6 months. In April, the average price per sq.feet was Rs. 5,290. In the following month the price per sq.feet increased to Rs. 5,820. The price for the following two months in (June, July) had a considerable increment of 562 %. The price per sq.feet has had a considerable increase of 344 % 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. 18,388.25 to Rs. 63,344.5 during August, and September.
Based upon to the price in Lahore (cities), this has fallen considerably in the last 6 months. In our first sample month during April, the average price is Rs. 1.92 crores. In May This price remains at Rs. 1.98 crores. During the following two months (June, July) the average price had a considerable reduction of 79 % 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. 1.75 crores to Rs. 32.42 lakhs, which means a 19 % fall.