The prices in real estate in Lahore, 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 Lahore has had a strong decrease during the last 6 months. In July, the average price per sq.feet was Rs. 1.32 lakhs. In the following month the price per sq.feet increased to Rs. 1.42 lakhs. The price for the following two months in (September, October) had a considerable decrease of 12 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 12 % 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. 76,929.75 to Rs. 8,857.5 during November, and December.
Based upon to the price in Lahore (cities), this has fallen considerably in the last 6 months. In our first sample month during July, the average price is Rs. 1.37 crores. In August This price remains at Rs. 1.41 crores. During the following two months (September, October) the average price had a considerable reduction of 81 % 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. 1.26 crores to Rs. 75.67 lakhs, which means a 60 % fall.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 0 % cheaper than the average price of Rs. 82.76 lakhs in Lahore. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 0 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 0 % cheaper than the average price of (Rs. 8,053 / sq.feet) in Lahore. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 0 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Lahore we can see that the cheapest property type is "Residential Plot" at a price of Rs. 82.76 lakhs, they are 0 % more affordable than the average price of (!PRECIO2!). "Residential Plot" has the lowest price. This price is 0 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "Residential Plot with an average price of Rs. 8,053 / sq.feet. "Residential Plot" with an average cost of Rs. 8,053 / sq.feet has the lowest price and would be directed at less affluent cities.