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 August, the average price per sq.feet was Rs. 95,459. In the following month the price per sq.feet increased considerably to Rs. 6.81 lakhs. The price for the following two months in (October, November) had a considerable decrease of 2 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 3 % 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. 1.98 lakhs to Rs. 6,897 during December, and January.
Based upon to the price in Murree (cities), this has gone downing the last 6 months. In our first sample month during August, the average price is Rs. 1.75 crores. In September This price remains at Rs. 1.75 crores. During the following two months (October, November) the average price fell 94 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 87 %, going from Rs. 1.7 crores to Rs. 1.49 crores in December and January.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 0 % cheaper than the average price of Rs. 1.44 crores in Murree. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 0 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 0 % cheaper than the average price of (Rs. 6,684 / sq.feet) in Murree. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 0 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Murree we can see that the cheapest property type is "Residential Plot" at a price of Rs. 1.44 crores, they are 0 % more affordable than the average price of (!PRECIO2!). "Residential Plot" has the lowest price. This price is 0 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "Residential Plot with an average price of Rs. 6,684 / sq.feet. "Residential Plot" with an average cost of Rs. 6,684 / sq.feet has the lowest price and would be directed at less affluent cities.