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 January, the average price per sq.feet was Rs. 73,572. In the following month the price per sq.feet increased considerably to Rs. 11.03 lakhs. In the following two months the price per sq.feet has increased 112 %, going from Rs. 5.88 lakhs to Rs. 6.61 lakhs per sq.feet. The price per sq.feet has had a considerable deflation of 36 % 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. 6.25 lakhs to Rs. 2.26 lakhs during May, and June.
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 January, is Rs. 1.26 crores. During February the price went through a considerable rise reaching Rs. 2.92 crores. During the following two months (March, April) the average price fell 90 % 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. 1.99 crores to Rs. 36.46 lakhs, which means a 18 % fall.
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. 36.55 lakhs they are 106 % more expensive than the average price for Multan. Following this ranking we find those properties with 1 at an average price of Rs. 75.63 lakhs. The properties with the highest average price have 1 bedroom, Their price is 107 % more costly than the average. After that we have properties with 2 bedrooms priced at Rs. 75.25 lakhs.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of Rs. 7,777 / sq.feet, with an average Rs. 1.58 lakhs / sq.feet price in Multan. The properties with the lowest average prices have 1 bedroom. They are 95 % cheaper than the average followed by properties with 2 bedrooms with a price at Rs. 7,777 / 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. 75.25 lakhs, they are 106 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 106 % 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. 7,777 / sq.feet. "House" with an average cost of Rs. 7,777 / sq.feet has the lowest price and would be directed at less affluent cities.