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 July, the average price per sq.feet was Rs. 26,324. In the following month the price per sq.feet increased considerably to Rs. 52,790. The price for the following two months in (September, October) had a considerable increment of 184 %. The price per sq.feet has had a considerable increase of 356 % 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. 56,144.75 to Rs. 2 lakhs during November, and December.
Based upon to the price in Islamabad (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during July, is Rs. 94.28 lakhs. During August the price went through a considerable rise reaching Rs. 1.22 crores. During the following two months (September, October) the price has had an average incrementation from Rs. 1.08 crores to Rs. 1.2 crores. Based on an analysis of the first four prices and the last two months the average price has gone up 107 % 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. 1.05 crores they are 48 % more affordable than the average price for Islamabad. The properties with the highest average price have 4 bedrooms, Their price is 60 % more costly than the average. After that we have properties with 3 bedrooms priced at Rs. 1.26 crores.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of Rs. 7,519 / sq.feet, with an average Rs. 42,197 / sq.feet price in Islamabad. The properties with the highest average prices have 3 bedrooms. They are 115 % more expensive than the average followed by properties with 4 bedrooms with a price at Rs. 42,832 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of Rs. 1.05 crores it is 54 % cheaper than the average price in Islamabad. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Office". At a price of Rs. 86.37 lakhs it is 179 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Residential Plot" at an average cost of Rs. 3,022 / sq.feet followed by "House" priced at Rs. 10,556 / sq.feet. "Land" is the most costly type of property with a Rs. 2.19 lakhs / sq.feet cost followed by "Apartment" with an average price of Rs. 57,006 / sq.feet.