The prices in real estate in Karachi, in the Sindh region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Karachi has increased during the last 6 months. In September, the average price per sq.feet was Rs. 2,711. In the following month the price per sq.feet decreased considerably to Rs. 2,267. The price for the following two months in (November, December) had a considerable increment of 127 %. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of Rs. 2,827.5 to Rs. 2,952 during January y February
Based upon to the price in Karachi (cities), these have remained the same in the last 6 months. The average price for September is Rs. 2.56 crores. During October the price had a slight fall till Rs. 2.25 crores. During the following two months (November, December) the price has had an average incrementation from Rs. 2.4 crores to Rs. 2.66 crores. Based on an analysis of the first four prices and the last two months the average price has risen strongly 115 % 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. 2.72 crores they are 87 % more affordable than the average price for Karachi. The properties with the lowest average price have 4 bedrooms, Their price is 43 % cheaper than the average. After that we have properties with 3 bedrooms priced at Rs. 97.69 lakhs.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of Rs. 6,195 / sq.feet, with an average Rs. 2,503 / sq.feet price in Karachi. The properties with the highest average prices have 4 bedrooms. They are 189 % more expensive than the average followed by properties with 3 bedrooms with a price at Rs. 6,867 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of Rs. 2.72 crores it is 79 % cheaper than the average price in Karachi. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Residential Plot" followed by "House". At a price of Rs. 2.01 crores it is 18 % more affordable than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Land" at an average cost of Rs. 2,759 / sq.feet followed by "Apartment" priced at Rs. 6,433 / sq.feet. "Commercial" is the most costly type of property with a Rs. 37,837 / sq.feet cost followed by "House" with an average price of Rs. 19,491 / sq.feet.