Monday, May 20, 2024

House Rent Increased in Twin Cities by 20% in Six Months

House rents withinside the twin towns of Islamabad and Rawalpindi have expanded by extra than 20 cents over the past six months, similarly to the woes of inflation-hit town dwellers.

According to an anecdotal survey carried out by APP, residence hire in Islamabad town, Rawalpindi Cantt, Chaklala Cantt, Satellite Town, and newly set up housing schemes in Islamabad has expanded by more than 20 percent.

Similarly, house rent costs increased by 20% in Ghauri Town, PWD, Media Town, Soan Garden, Jinnah Garden, Bahria Town, Gulzar-i-Quaid, Chak Shehzad, Chatha Bakhtawar, Shehzad Town, Margalla Town, Bhara Kahu, Khayaban-e-Sir Syed, British Homes, and Gulraiz 1 & 2.

As per the State Bank of Pakistan’s (SBP) Inflation Monitor Report for February 2022, house rent topped the list of contributions to the urban Consumer Price Index (CPI) because it weighed 19.26 over the last month of the contemporary economic year.

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