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 December, the average price per sq.feet was Rs. 889.21. In the following month the price per sq.feet rose considerably to Rs. 1,037.27. The price for the following two months in (February, March) had a considerable fall of 23 with regard to the previous two months. The price per sq.feet has had a considerable fall of 73 % 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. 593.7 to Rs. 430.51 during April, and May.
When referring to the price in Rawalpindi (cities), this has fallen in the last 6 months. The average price during our first sample month during December, is Rs. 48,020. During January the price went through a considerable rise reaching Rs. 65,587. During the following two months (February, March) the average price had a considerable fall of 61 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from Rs. 45,742.5 to Rs. 36,741.5, which means a 80 % fall.
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. 37,786 they are 37 % more affordable than the average price for Rawalpindi . The properties with the highest average price have 4 bedrooms, Their price is 41 % more expensive than the average. After that we have properties with 3 bedrooms priced at Rs. 36,754.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of Rs. 13 / sq.feet, with an average Rs. 590.41 / sq.feet price in Rawalpindi. The properties with the most affordable average prices have 1 bedroom. They are 72 % more affordable than the average followed by properties with 4 bedrooms with a price at Rs. 19 / 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. 37,786 it is 23 % 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. 48,559 it is 125 % 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. 16 / sq.feet followed by "House" priced at Rs. 18 / sq.feet. "Office" is the most affordable type of property with a Rs. 323 / sq.feet value followed by "Residential Plot" with an average price of Rs. 33 / sq.feet.