The prices in real estate in Wah Cantonment, 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 Wah Cantonment has had a strong decrease during the last 6 months. In December, the average price per sq.feet was Rs. 3,135. In the following month the price per sq.feet increased considerably to Rs. 4,130. The price for the following two months in (February, March) had a considerable decrease of 52 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 58 % 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. 2,761.25 to Rs. 1,603 during April, and May.
Based upon to the price in Wah Cantonment (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during December, is Rs. 40.56 lakhs. During January the price went through a considerable rise reaching Rs. 49.29 lakhs. During the following two months (February, March) the average price had a considerable reduction of 48 % 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. 33.34 lakhs to Rs. 19.58 lakhs, which means a 59 % fall.