House rent increased in twin cities by 20pc in six months
Islamabad : House rents in the twin-cities of Islamabad and Rawalpindi have increased by more than 20 per cent during the last six months, adding further to the woes of inflation-hit city dwellers.
According to an anecdotal survey conducted by APP, house rent in Islamabad city, Rawalpindi Cantt, Chaklala Cantt, Satellite Town and newly established housing schemes in Islamabad has increased by more than 20 per cent.
Similarly, 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 witnessed a surge in house rent prices by 20 per cent.
According to the Inflation Monitor Report issued by the State Bank of Pakistan (SBP) for February 2022, house rent topped the list of contributions to the urban Consumer Price Index (CPI) as it weighted 19.26 during the last month of the current fiscal year.
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