The prices in real estate in Murree, in the Punjab 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 Murree has increased strongly during the last 6 months. In March, the average price per sq.feet was . In the following month the price per sq.feet increased considerably to Rs. 7.6 lakhs. The price for the following two months in (May, June) had a considerable decrease of 0 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 1 % 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. 1.9 lakhs to Rs. 2,209.5 during July, and August.
Based upon to the price in Murree (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is . During April the price went through a considerable rise reaching Rs. 1.67 crores. During the following two months (May, June) the average price had a considerable reduction of 0 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 129 % 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. 1.07 crores they are 38 % more affordable than the average price for Murree. The properties with the highest average price have 2 bedrooms, Their price is 33 % more costly than the average. After that we have properties with 1 bedroom priced at Rs. 66.1 lakhs.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of Rs. 6,600 / sq.feet, with an average Rs. 4,419 / sq.feet price in Murree. The properties with the highest average prices have 1 bedroom. They are 113 % more expensive than the average followed by properties with 2 bedrooms with a price at Rs. 6,600 / sq.feet.
With regard to the average price based upon the property in Murree we can see that most expensive property type is "Residential Plot" at a price of Rs. 1.42 crores, they are 33 % more costly than the average price of (!PRECIO2!). "Residential Plot" has the highest price. This price is 33 % more expensive than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "Residential Plot with an average price of Rs. 6,600 / sq.feet. "Residential Plot" at an average price of Rs. 6,600 / sq.feet has the most expensive price and would be directed at more affluent cities.