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 February, the average price per sq.feet was Rs. 174.89. In the following month the price per sq.feet rose considerably to Rs. 273.43. The price for the following two months in (April, May) had a considerable rise of 192 %. The price per sq.feet has had a considerable rise of 829 % 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. 327.33 to Rs. 2,712.44 during June, and July.
When referring to the price in Rawalpindi (cities), this has risen considerably in the last 6 months. In our first sample month during February, the average price is Rs. 35,040. In March This price remains at Rs. 34,323. During the following two months (April, May) the price has had an average rise from Rs. 34,681.5 to Rs. 36,741.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 2956 % 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. 65,521 they are 64 % more affordable than the average price for Rawalpindi . The properties with the lowest average price have 4 bedrooms, Their price is 19 % more affordable than the average. After that we have properties with 3 bedrooms priced at Rs. 36,680.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of Rs. 11 / sq.feet, with an average Rs. 1,036 / sq.feet price in Rawalpindi. The properties with the most affordable average prices have 1 bedroom. They are 84 % more affordable than the average followed by properties with 4 bedrooms with a price at Rs. 17 / sq.feet.
The graph displaying the average rent prices displays the property type "Residential Plot" as the most affordable one. At an cost of Rs. 65,521 it is 56 % more affordable than the average price in Rawalpindi. "House" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "Land". At a price of Rs. 48,461 it is 29 % 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. 14 / sq.feet followed by "House" priced at Rs. 16 / sq.feet. "Office" is the most affordable type of property with a Rs. 321 / sq.feet value followed by "Residential Plot" with an average price of Rs. 31 / sq.feet.