Renting a house in islamabad, is almost imposible!!

Islamabad is considered for its beauty, which is adorned by green trees and fresh flowers everywhere. It has big buildings, wide roads and lash green mountains. Being the capital of our country it is considered quite expensive. It is true that from pencil to a building everything is expensive. Here I will talk about the rent of houses in Islamabad

Islamabad is considered for its beauty, which is adorned by green trees and fresh flowers everywhere. It has big buildings, wide roads and lush green mountains. Being the capital of our country it is considered quite expensive. It is true that from pencil to a building everything is expensive. Here I will talk about the rent of houses in Islamabad. As mostly people here are descendents of other cities, they live in rented houses. The owners of houses demand as much rent, as they like. People belonging to the middle class cannot afford renting a normal house here.

A house of two bedrooms with one bathroom and a small kitchen has a rent of 15,000 to 18,000. Same goes for the flats, which are in shabby condition. A double story house with two bedrooms on the ground floor and three bedrooms on the upper portion has a rent of 25,000 to 30,000. This is a house which is about 40 years old, with same old doors, windows and three or four year old paint at the time of renting. Congested and with old flooring which need lots of renovation. This rent is usually demanded, for such houses, in areas like I-10, I-9 and G-9 and G-8 sectors. Now you can well imagine what would be the prices in a good sector such as F and E.

People who have less income cannot afford to live in Islamabad and move to Rawalpindi, which is quite at a distance for those who have their offices in Islamabad.

There is no check and balance on the rents. Owners rent their houses on their selected prices and the tenants have to pay that. CDA, as it controls all the matters of Islamabad, except of politics, should make some rules like houses older than 30 years should have specific rents. Houses built on a certain area should be rented on fixed prices. Same rule applied for selling and buying a house. In this way both the tenant and the owner will be satisfied and the business will run smoothly. If CDA cannot do so than the government should build houses or flats and rent or sell them on low prices. But those flats should be sold to the deserving people after a complete inquiry as cases have happened that property dealers buy government allotted places in a large number and than sell it on higher prices than they originally bought it.

I have come up with only these two ideas, but if you have any please share it with me and everyone else.

May God Bless Us All!!

8 Comments so far

  1. rafey (unregistered) on August 17th, 2006 @ 11:53 pm

    yea well u r rite they r quite expensive couz i remember when i went to islamabad for like few days it cost my family around 17,000 for 2 rooms.

  2. Asma (unregistered) on August 18th, 2006 @ 1:10 pm

    Well, you are right that rent prices are hiking … but I disagree with the shabby part here. As, usually before giving away a portion or house for rent, paints and all the maintenance work is checked and re-done if needed as it’s all written in the Rent Agreement too.

    Plus there’s even a bigger trend seen these days … money is coming from london … if you know what i mean … People are buying up houses here and are reconstructing them … money is not a big deal when you come from london (pound to rupee conversion) … hence obviously prices are hiking up for rental as well as buying purposes.

    But yes people are moving to Rawalpindi as rents are increasing here.

    And if you remember I-15 plots, flast and plots were bought for 50-75000 initial draft (3-4 installements were to go later on) and alrady property dealers were buying them for 5-8 lacs … so a thing in which you’ve invested 75000 initially and u r selling it for 7 lacs … all profit…!

    Your suggestions are nice … but who cares … govt. is busy in election planning … who cares about people of pakistan … we should pay huge taxes only for these people and army to prosper …!

  3. Jaded (unregistered) on August 18th, 2006 @ 10:10 pm

    Oh so true a post never written… It’s unbelievable how fast the price hike has taken over real estate and property in Islamabad… Kudos for noting it down and writing about it!

  4. strawberry (unregistered) on August 27th, 2006 @ 2:08 pm

    hi people can u tell me some good home fr rent 4 bed or MIINIUM 3 bed for rent for max 25 thsnd?

  5. ali raza (unregistered) on September 4th, 2006 @ 11:25 am

    The prices are set by a free market. If the govt. starts setting prices and establishes rent controls, the owners will stop making repairs to buildings to save money. New owners will stop renting for fear of getting stuck with tenants at abnormally low rents. I remember paying 10,000 for a 2 bed lower portion in Lahore Cantt 12 years ago. By that measure the rents you quote seem reasonable. If there is a need for the govt. to intervene, it is in establishing the rights of owners in disputes with tenants who form qabza groups and damage property, don’t pay rents or vacate property.

  6. Farhan (unregistered) on September 5th, 2006 @ 4:04 pm

    I am currently living in Bristol (UK) and I would like to move in Islamabad. I am working as a mechanical engineer. Today I was looking properties in Islamabad to rent or buy beleive me or not I think Islamabad is more expensive than London. What would you recomend me? Initially I am coming for one year with my family and see if I can survive in Pakitan. Suggestions welcome…….

  7. redsnapper (unregistered) on September 7th, 2006 @ 12:41 am

    Very true indeed.

    While its a great thought to have slabs of rent values based on the property’s age, I doubt if CDA will ever work out a formula.

    Even though it IS POSSIBLE in my opinion, there are some difficulties. The rent is usually fixed on basis of selling price of property (not to mention the greed of the owner :)

    Now, if someone is crazy enough to buy a 40 year old house at an unbelievably expensive price, he/she will set the rent according to that price. It is usually set at 0.5% to 1.0%. Even if the house is not sold, its expected market value determines the rent.

    Cheap accomodation: hope that happens someday and that whatever is built is better than a shanty town.

    In the end, its the spiralling property prices that are to blame. And the government for supporting this artificial bubble in the name of progress.

  8. Kanwal Haqqi (unregistered) on September 7th, 2006 @ 1:44 pm

    Its true, renting a house in Islambad is nearly impossible. Wish there was another better way for the people who were having a rental house and using it for business. How much lose they would face financially and personally aswell.

    The prices should be lowered down for better up-bringing of Islamabad.

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