The rent prices in real estate in Karachi, in the Sindh region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Karachi has fallen during the last 6 months. In February, the average price per sq.feet was Rs. 112.81. In the following month the price per sq.feet fell considerably to Rs. 66.44. The price for the following two months in (April, May) fell 91 % with regard to the previous two months. The price per sq.feet has had a considerable rise of 176 % 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. 85.65 to Rs. 150.38 during June, and July.
When referring to the price in Karachi (cities), this has risen in the last 6 months. The average price for February is Rs. 92,588. During March the price had a considerable fall till Rs. 77,750. During the following two months (April, May) the average price had a considerable rise of 119 % 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 had a strong increase of 124 % during the last two months.
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. 1.23 lakhs they are 82 % more affordable than the average price for Karachi . The properties with the highest average price have 4 bedrooms, Their price is 7 % more expensive than the average. After that we have properties with 3 bedrooms priced at Rs. 69,838.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of Rs. 53.57 / sq.feet, with an average Rs. 201.68 / sq.feet price in Karachi. The properties with the most expensive average prices have 4 bedrooms. They are 74 % more expensive than the average followed by properties with 3 bedrooms with a price at Rs. 101.22 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of Rs. 1.23 lakhs it is 68 % more affordable than the average price in Karachi. "Residential Plot" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "House". At a price of Rs. 1.03 lakhs it is 61 % 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. 17.25 / sq.feet followed by "Land" priced at Rs. 17.31 / sq.feet. "Office" is the most affordable type of property with a Rs. 123.7 / sq.feet value followed by "Commercial" with an average price of Rs. 114.82 / sq.feet.