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 August, the average price per sq.feet was Rs. 54,891. In the following month the price per sq.feet decreased considerably to Rs. 2,341. The price for the following two months in (October, November) had a considerable decrease of 11 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 9 % 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. 15,871.5 to Rs. 1,450 during December, and January.
Based upon to the price in Sheikhupura (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during August, is Rs. 19.33 lakhs. During September the price went through a considerable rise reaching Rs. 23.74 lakhs. During the following two months (October, November) the average price had a considerable increase of 647 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from Rs. 80.41 lakhs to Rs. 74.52 lakhs in December and January.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 0 % cheaper than the average price of Rs. 15.92 lakhs in Sheikhupura. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 0 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 0 % cheaper than the average price of (Rs. 1,067 / 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 0 % 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. 15.92 lakhs, they are 0 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 0 % 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. 1,067 / sq.feet. "House" with an average cost of Rs. 1,067 / sq.feet has the lowest price and would be directed at less affluent cities.