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 December, the average price per sq.feet was Rs. 7,110. In the following month the price per sq.feet decreased to Rs. 6,684. The price for the following two months in (February, March) had a considerable decrease of 49 with regard to the prior two months. The price per sq.feet has had a considerable increase of 1629 % 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. 5,126 to Rs. 83,498.5 during April, and May.
Based upon to the price in Murree (cities), this has fallen considerably in the last 6 months. The average price for December is Rs. 1.53 crores. During January the price had a slight fall till Rs. 1.44 crores. During the following two months (February, March) the average price had a considerable reduction of 76 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from Rs. 1.31 crores to Rs. 83.28 lakhs, which means a 64 % fall.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 44 % more costly than the average price of Rs. 1.44 crores in Murree. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 44 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 89 % cheaper than the average price of (Rs. 6,656 / 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 89 % cheaper than the average value aforementioned.
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. 1.44 crores, they are 44 % more costly than the average price of (!PRECIO2!). "Residential Plot" has the highest price. This price is 44 % more expensive 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. 6,656 / sq.feet. "Residential Plot" with an average cost of Rs. 6,656 / sq.feet has the lowest price and would be directed at less affluent cities.