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 November, the average price per sq.feet was Rs. 22.58. In the following month the price per sq.feet rose considerably to Rs. 26.46. The price for the following two months in (January, February) had a considerable rise of 1630 %. The price per sq.feet has had a considerable fall of 15 % 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. 212.05 to Rs. 32.4 during March, and April.
When referring to the price in Rawalpindi (cities), there have hardly been any changes in the last 6 months. The rent price in November is Rs. 42,675, rising in December till Rs. 45,587. In the following two months the average price has hardly changed with regard to the previous two months from Rs. 44,131 to Rs. 45,283. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 91 %, going from Rs. 44,707 to Rs. 40,631.5 in March and April.
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. 40,913 they are 49 % more affordable than the average price for Rawalpindi . The properties with the highest average price have 4 bedrooms, Their price is 30 % more expensive than the average. After that we have properties with 3 bedrooms priced at Rs. 36,865.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of Rs. 15.51 / sq.feet, with an average Rs. 35.54 / sq.feet price in Rawalpindi. The properties with the most affordable average prices have 1 bedroom. They are 6 % more affordable than the average followed by properties with 4 bedrooms with a price at Rs. 21.22 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of Rs. 40,913 it is 29 % 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 "Apartment" followed by "Residential Plot". At a price of Rs. 44,688 it is 20 % 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. 20.16 / sq.feet followed by "Apartment" priced at Rs. 24 / sq.feet. "House" is the most affordable type of property with a Rs. 35.22 / sq.feet value followed by "Apartment" with an average price of Rs. 24 / sq.feet.