The rent prices in real estate in Rawalpindi, in the Punjab region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Rawalpindi has had a strong fall during the last 6 months. In October, the average price per sq.feet was Rs. 2,187. In the following month the price per sq.feet fell considerably to Rs. 36. The price for the following two months in (December, January) had a considerable fall of 5 with regard to the previous two months. The price per sq.feet has had a considerable rise of 188 % 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. 584 to Rs. 1,098.5 during February, and March.
When referring to the price in Rawalpindi (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is Rs. 29,113. During November the price went through a considerable rise reaching Rs. 72,208. During the following two months (December, January) the average price had a considerable rise of 118 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from Rs. 55,150 to Rs. 36,262.5, which means a 66 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of Rs. 29,083 they are 21 % more affordable than the average price for Rawalpindi . The properties with the highest average price have 4 bedrooms, Their price is 77 % more expensive than the average. After that we have properties with 3 bedrooms priced at Rs. 35,617.
With regard to the average prices per sq.feet those properties with 1 bedroom are 94 % more affordable than the average price of (Rs. 137 / sq.feet) in Rawalpindi. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 94 % more affordable than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of Rs. 29,083 it is 10 % more affordable than the average price in Rawalpindi. "Residential Plot" is seen as the second most affordable property type. The most expensive property type is "Building" followed by "". At a price of Rs. 43,176 it is 181 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Residential Plot" at an average price of Rs. 2 / sq.feet followed by "Apartment" priced at Rs. 53 / sq.feet. "Building" is the most affordable type of property with a Rs. 283 / sq.feet value followed by "Apartment" with an average price of Rs. 53 / sq.feet.