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 January, the average price per sq.feet was Rs. 311.17. In the following month the price per sq.feet rose considerably to Rs. 488. The price for the following two months in (March, April) had a considerable fall of 8 with regard to the previous two months. The price per sq.feet has had a considerable fall of 13 % 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. 215.99 to Rs. 27.7 during May, and June.
When referring to the price in Rawalpindi (cities), this has fallen in the last 6 months. The average price for January is Rs. 49,378. During February the price had a considerable fall till Rs. 41,188. During the following two months (March, April) the average price fell 90 % with regard to the previous two months. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of Rs. 42,957.25 and Rs. 44,375.5 between May and June.
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. 43,763 they are 53 % 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. 38,169.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of Rs. 15.68 / sq.feet, with an average Rs. 23.39 / sq.feet price in Rawalpindi. The properties with the most expensive average prices have 1 bedroom. They are 75 % more expensive than the average followed by properties with 4 bedrooms with a price at Rs. 18.96 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of Rs. 43,763 it is 31 % more affordable than the average price in Rawalpindi. "House" is seen as the second most affordable property type. The most expensive property type is "Residential Plot" followed by "Commercial". At a price of Rs. 45,541 it is 15 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of Rs. 12.88 / sq.feet followed by "Residential Plot" priced at Rs. 20.83 / sq.feet. "Land" is the most expensive type of property with a Rs. 74.9 / sq.feet value followed by "House" with an average price of Rs. 42.06 / sq.feet.