The rent prices in real estate in Rawalpindi, in the Punjab region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Rawalpindi has risen strongly during the last 6 months. In March, the average price per sq.feet was Rs. 29.59. In April this price barely changed remaining at Rs. 29.59 per sq.feet. The price for the following two months in (May, June) had a considerable fall of 66 with regard to the previous two months. The price per sq.feet has had a considerable rise of 2134 % 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. 24.6 to Rs. 525 during July, and August.
When referring to the price in Rawalpindi (cities), this has risen in the last 6 months. In our first sample month during March, the average price is Rs. 42,400. In April This price remains at Rs. 42,400. During the following two months (May, June) the average price fell 86 % 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 138 % 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. 43,662 they are 46 % more affordable than the average price for Rawalpindi . The properties with the highest average price have 4 bedrooms, Their price is 21 % more expensive than the average. After that we have properties with 3 bedrooms priced at Rs. 36,569.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of Rs. 8 / sq.feet, with an average Rs. 18 / sq.feet price in Rawalpindi. The properties with the most expensive average prices have 1 bedroom. They are 806 % more expensive than the average followed by properties with 4 bedrooms with a price at Rs. 14 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of Rs. 43,662 it is 39 % 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 "House". At a price of Rs. 44,328 it is 93 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Land" at an average price of Rs. 8 / sq.feet followed by "Commercial" priced at Rs. 11 / sq.feet. "Building" is the most expensive type of property with a Rs. 313 / sq.feet value followed by "Apartment" with an average price of Rs. 79 / sq.feet.