The prices in real estate in Nowshera, in the North West Frontier Province region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Nowshera has had a strong decrease during the last 6 months. In December, the average price per sq.feet was Rs. 4,065. In January this price pretty much remained the same at a value of Rs. 4,065 per sq.feet. The price for the following two months in (February, March) had a considerable decrease of 4 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 8 % 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. 2,119.5 to Rs. 174 during April, and May.
Based upon to the price in Nowshera (cities), this has fallen considerably in the last 6 months. In our first sample month during December, the average price is Rs. 57.5 lakhs. In January This price remains at Rs. 57.5 lakhs. During the following two months (February, March) the average price had a considerable reduction of 5 % 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. 30.15 lakhs to Rs. 2.8 lakhs, which means a 9 % fall.