The prices in real estate in Rahim Yar Khan, 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 Rahim Yar Khan has had a strong decrease during the last 6 months. In October, the average price per sq.feet was Rs. 2.3 lakhs. In November this price pretty much remained the same at a value of Rs. 2.3 lakhs per sq.feet. The price for the following two months in (December, January) had a considerable decrease of 2 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 1 % 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. 1.18 lakhs to Rs. 863 during February, and March.
Based upon to the price in Rahim Yar Khan (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is Rs. 1.18 crores. In November This price remains at Rs. 1.18 crores. During the following two months (December, January) the average price had a considerable reduction of 67 % 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. 98.58 lakhs to Rs. 60.83 lakhs, which means a 62 % fall.