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 April, the average price per sq.feet was Rs. 4,334. In the following month the price per sq.feet increased considerably to Rs. 5,142. The price for the following two months in (June, July) had a considerable increment of 3064 %. The price per sq.feet has had a considerable increase of 358 % 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. 74,966 to Rs. 2.68 lakhs during August, and September.
Based upon to the price in Islamabad (cities), this has fallen considerably in the last 6 months. The price in April is Rs. 1.02 crores, rising in May till Rs. 1.08 crores. During the following two months (June, July) the average price had a considerable reduction of 50 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from Rs. 78.65 lakhs to Rs. 34.78 lakhs, which means a 44 % fall.