The prices in real estate in Islamabad, in the Islamabad Capital Territory region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Islamabad has increased strongly during the last 6 months. In November, the average price per sq.feet was Rs. 4,293. In the following month the price per sq.feet increased considerably to Rs. 5,156. The price for the following two months in (January, February) had a considerable increment of 1311 %. The price per sq.feet has had a considerable increase of 441 % 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. 33,339.75 to Rs. 1.47 lakhs during March, and April.
Based upon to the price in Islamabad (cities), this has gone up considerably in the last 6 months. In our first sample month during November, the average price is Rs. 1.01 crores. In December This price remains at Rs. 1.03 crores. During the following two months (January, February) the average price had a considerable increase of 125 % 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 risen strongly 141 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of Rs. 2.29 crores they are 83 % more affordable than the average price for Islamabad. The properties with the lowest average price have 4 bedrooms, Their price is 34 % cheaper than the average. After that we have properties with 3 bedrooms priced at Rs. 1.15 crores.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of Rs. 4,689 / sq.feet, with an average Rs. 2.14 lakhs / sq.feet price in Islamabad. The properties with the lowest average prices have 4 bedrooms. They are 96 % cheaper than the average followed by properties with 1 bedroom with a price at Rs. 8,470 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of Rs. 2.29 crores it is 75 % cheaper than the average price in Islamabad. "Apartment" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Residential Plot". At a price of Rs. 2.91 crores it is 205 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of Rs. 2,457 / sq.feet followed by "Apartment" priced at Rs. 7,311 / sq.feet. "House" is the most costly type of property with a Rs. 10.64 lakhs / sq.feet cost followed by "Commercial" with an average price of Rs. 42,911 / sq.feet.