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. 2.14 lakhs. In the following month the price per sq.feet increased considerably to Rs. 79.19 lakhs. The price for the following two months in (June, July) had a considerable increment of 238 %. The price per sq.feet has had a considerable deflation of 74 % 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. 68.81 lakhs to Rs. 51.18 lakhs during August, and September.
Based upon to the price in Islamabad (cities), this has fallen considerably in the last 6 months. In our first sample month during April, the average price is Rs. 2.29 crores. In May This price remains at Rs. 2.22 crores. In the following two months the average price has remained the same with regard to the previous two months from Rs. 2.26 crores to Rs. 2.25 crores. During the last two months the average price has had a strong fall compared to the previous four going from Rs. 2.26 crores to Rs. 1.35 crores, which means a 60 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of Rs. 1.23 crores they are 69 % more affordable than the average price for Islamabad. The properties with the highest average price have 4 bedrooms, Their price is 22 % more costly than the average. After that we have properties with 3 bedrooms priced at Rs. 1.14 crores.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of Rs. 4,664 / sq.feet, with an average Rs. 41.3 lakhs / sq.feet price in Islamabad. The properties with the lowest average prices have 4 bedrooms. They are 100 % cheaper than the average followed by properties with 1 bedroom with a price at Rs. 8,425 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of Rs. 1.23 crores it is 54 % 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. 2.89 crores it is 463 % 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. 2,442 / sq.feet followed by "Apartment" priced at Rs. 7,271 / sq.feet. "House" is the cheapest type of property with a Rs. 10.59 lakhs / sq.feet value followed by "Commercial" with an average price of Rs. 42,696 / sq.feet.