The prices in real estate in Sheikhupura, 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 Sheikhupura has had a strong decrease during the last 6 months. In February, the average price per sq.feet was Rs. 96,804. In the following month the price per sq.feet decreased considerably to Rs. 51,838. The price for the following two months in (April, May) had a considerable decrease of 44 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 7 % 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. 53,689.25 to Rs. 3,571 during June, and July.
Based upon to the price in Sheikhupura (cities), this has gone up considerably in the last 6 months. In our first sample month during February, the average price is Rs. 19.66 lakhs. In March This price remains at Rs. 19.3 lakhs. During the following two months (April, May) the average price had a considerable increase of 143 % 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 374 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 84 % cheaper than the average price of Rs. 15.82 lakhs in Sheikhupura. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 84 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 73 % cheaper than the average price of (Rs. 1,055 / sq.feet) in Sheikhupura. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 73 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Sheikhupura we can see that the cheapest property type is "House" at a price of Rs. 15.82 lakhs, they are 84 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 84 % 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. 1,055 / sq.feet. "House" with an average cost of Rs. 1,055 / sq.feet has the lowest price and would be directed at less affluent cities.