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 February, the average price per sq.feet was . In the following month the price per sq.feet increased considerably to Rs. 3,387. The price for the following two months in (April, May) had a considerable increment of 208 %. The price per sq.feet has had a considerable increase of 264 % 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. 2,611 to Rs. 6,889 during June, and July.
Based upon to the price in Multan (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during February, is . During March the price went through a considerable rise reaching Rs. 70.37 lakhs. During the following two months (April, May) the average price had a considerable increase of 209 % 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 285 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of Rs. 1.55 crores they are 52 % more affordable than the average price for Multan. The properties with the lowest average price have 1 bedroom, Their price is 51 % cheaper than the average. After that we have properties with 2 bedrooms priced at Rs. 74.43 lakhs.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of Rs. 7,689 / sq.feet, with an average Rs. 6,889 / sq.feet price in Multan. The properties with the highest average prices have 1 bedroom. They are 13 % more expensive than the average followed by properties with 2 bedrooms with a price at Rs. 7,689 / sq.feet.
With regard to the average price based upon the property in Multan we can see that the cheapest property type is "House" at a price of Rs. 74.43 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. 7,689 / sq.feet. "House" at an average price of Rs. 7,689 / sq.feet has the most expensive price and would be directed at more affluent cities.