The prices in real estate in Multan, 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 Multan has had a strong decrease during the last 6 months. In November, the average price per sq.feet was Rs. 9,288. In the following month the price per sq.feet decreased considerably to Rs. 6,227. The price for the following two months in (January, February) had a considerable decrease of 75 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 44 % 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. 6,796.5 to Rs. 2,995.5 during March, and April.
Based upon to the price in Multan (cities), this has fallen considerably in the last 6 months. The average price for November is Rs. 76.39 lakhs. During December the price had a slight fall till Rs. 69.77 lakhs. In the following two months the average price has remained the same with regard to the previous two months from Rs. 73.08 lakhs to Rs. 72.97 lakhs. During the last two months the average price has had a strong fall compared to the previous four going from Rs. 73.03 lakhs to Rs. 40.94 lakhs, which means a 56 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the most costly ones. At a price of Rs. 38.64 lakhs they are 54 % more expensive than the average price for Multan. Following this ranking we find those properties with 2 at an average price of Rs. 76.31 lakhs. The properties with the highest average price have 2 bedrooms, Their price is 97 % more costly than the average. After that we have properties with 1 bedroom priced at Rs. 59.43 lakhs.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of Rs. 4,755 / sq.feet, with an average Rs. 2,047 / sq.feet price in Multan. The properties with the highest average prices have 2 bedrooms. They are 285 % more expensive than the average followed by properties with 1 bedroom with a price at Rs. 4,755 / sq.feet.
With regard to the average price based upon the property in Multan we can see that most expensive property type is "House" at a price of Rs. 76.31 lakhs, they are 97 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 97 % 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. 7,889 / sq.feet. "House" at an average price of Rs. 7,889 / sq.feet has the most expensive price and would be directed at more affluent cities.