The prices in real estate in Multan, 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 Multan has increased strongly during the last 6 months. In May, the average price per sq.feet was Rs. 2,879. In the following month the price per sq.feet increased considerably to Rs. 4,087. The price for the following two months in (July, August) had a considerable increment of 234 %. The price per sq.feet has had a considerable increase of 375 % 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. 5,813 to Rs. 21,825 during September, and October.
Based upon to the price in Multan (cities), this has gone up considerably in the last 6 months. The average price for May is Rs. 50.17 lakhs. During June the price had a slight fall till Rs. 44.96 lakhs. During the following two months (July, August) the average price had a considerable increase of 134 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 149 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the most costly ones. At a price of Rs. 72.89 lakhs they are 4 % more expensive than the average price for Multan. Following this ranking we find those properties with 1 at an average price of Rs. 76.24 lakhs. The properties with the highest average price have 1 bedroom, Their price is 5 % more costly than the average. After that we have properties with 2 bedrooms priced at Rs. 75.86 lakhs.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of Rs. 7,841 / sq.feet, with an average Rs. 19,908 / sq.feet price in Multan. The properties with the lowest average prices have 1 bedroom. They are 60 % cheaper than the average followed by properties with 2 bedrooms with a price at Rs. 7,841 / 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. 75.86 lakhs, they are 4 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 4 % more expensive than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of Rs. 7,841 / sq.feet. "House" with an average cost of Rs. 7,841 / sq.feet has the lowest price and would be directed at less affluent cities.