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 October, the average price per sq.feet was Rs. 19,908. In the following month the price per sq.feet increased considerably to Rs. 61,923. The price for the following two months in (December, January) had a considerable increment of 170 %. The price per sq.feet has had a considerable increase of 1996 % 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. 55,272.75 to Rs. 11.03 lakhs during February, and March.
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 October, is Rs. 72.89 lakhs. During November the price went through a considerable rise reaching Rs. 1.53 crores. During the following two months (December, January) the average price had a considerable increase of 122 % 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 234 % 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. 2.92 crores they are 74 % more affordable than the average price for Multan. The properties with the lowest average price have 1 bedroom, Their price is 74 % cheaper than the average. After that we have properties with 2 bedrooms priced at Rs. 75.48 lakhs.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of Rs. 7,801 / sq.feet, with an average Rs. 11.03 lakhs / sq.feet price in Multan. The properties with the lowest average prices have 1 bedroom. They are 99 % cheaper than the average followed by properties with 2 bedrooms with a price at Rs. 7,801 / 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. 75.48 lakhs, they are 74 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 74 % more affordable 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. 7,801 / sq.feet. "House" with an average cost of Rs. 7,801 / sq.feet has the lowest price and would be directed at less affluent cities.