The prices in real estate in Karachi, in the Sindh 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 Karachi has increased strongly during the last 6 months. In April, the average price per sq.feet was Rs. 5,660. In the following month the price per sq.feet increased to Rs. 6,138. The price for the following two months in (June, July) had a considerable increment of 351 %. The price per sq.feet has had a considerable deflation of 48 % 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. 13,293 to Rs. 6,374.5 during August, and September.
Based upon to the price in Karachi (cities), this has fallen considerably in the last 6 months. The average price for April is Rs. 1.27 crores. During May the price had a slight fall till Rs. 1.16 crores. In the following two months the average price has remained the same with regard to the previous two months from Rs. 1.22 crores to Rs. 1.18 crores. During the last two months the average price has had a strong fall compared to the previous four going from Rs. 1.2 crores to Rs. 40.37 lakhs, which means a 34 % fall.