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 December, the average price per sq.feet was Rs. 38. In the following month the price per sq.feet rose considerably to Rs. 78.43. The price for the following two months in (February, March) had a considerable rise of 1894 %. The price per sq.feet has had a considerable rise of 192 % 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. 580.34 to Rs. 1,113.47 during April, and May.
When referring to the price in Rawalpindi (cities), this has fallen considerably in the last 6 months. The average price for December is Rs. 72,354. During January the price had a considerable fall till Rs. 47,167. During the following two months (February, March) the average price had a considerable fall of 61 % 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 increased 106 % 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. 72,281 they are 68 % more affordable than the average price for Rawalpindi . The properties with the lowest average price have 4 bedrooms, Their price is 28 % more affordable than the average. After that we have properties with 3 bedrooms priced at Rs. 35,977.
With regard to the average prices per sq.feet those properties with 1 bedroom are 297 % more expensive than the average price of (Rs. 147 / sq.feet) in Rawalpindi. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 297 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of Rs. 72,281 it is 64 % 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 "". At a price of Rs. 43,616 it is 14 % 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. 12 / sq.feet followed by "Apartment" priced at Rs. 63 / sq.feet. "Building" is the most expensive type of property with a Rs. 293 / sq.feet value followed by "Apartment" with an average price of Rs. 63 / sq.feet.