The rent prices in real estate in Murree, 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 Murree has had a strong fall during the last 6 months. In November, the average price per sq.feet was Rs. 881.66. In December this price barely changed remaining at Rs. 918.35 per sq.feet. The price for the following two months in (January, February) had a considerable fall of 59 with regard to the previous two months. The price per sq.feet has had a considerable fall of 50 % 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. 713.58 to Rs. 356.21 during March, and April.
When referring to the price in Murree (cities), this has fallen considerably in the last 6 months. The average price for November is Rs. 2.74 lakhs. During December the price had a considerable fall till Rs. 1 lakhs. During the following two months (January, February) the average price had a considerable fall of 75 % 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 234 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 80 % more affordable than the average price of Rs. 90,893 in Murree. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 80 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 46 % more expensive than the average price of (Rs. 905 / sq.feet) in Murree. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 46 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Residential Plot" as the most affordable one. At an cost of Rs. 4.55 lakhs it is 80 % more affordable than the average price in Murree. "Farm House" is seen as the second most affordable property type. The most affordable property is "Farm House" followed by "Residential Plot". At a price of Rs. 90,893 it is 67 % more affordable than the average price.
According to the average cost per sq.feet, the most affordable property is "Farm House" at an average price of Rs. 268 / sq.feet followed by "Residential Plot" priced at Rs. 905 / sq.feet. "Residential Plot" is the most expensive type of property with a Rs. 905 / sq.feet value followed by "Farm House" with an average price of Rs. 268 / sq.feet.