Pakistan is a fast developing country and investing in real estate here is a very good choice. We will discuss the best cities to buy houses and also introduce you to smartest property portal for real estate business in Pakistan.
The public real estate sector is not regulated in Pakistan and therefore a huge number of projects fail every year and a lot of people lose their heard earned money. Besides this, there are a lot of fraudulent societies who try to rip off people and due to a weak law and order situation, it is too easy for them to get away with this. If you are an Expat and you are reading this, count yourself lucky. Although this guide is mainly for safe investments in Pakistan and can help people living in Pakistan as well, it is even more relevant to investors who can not visit Pakistan for years and some times do not have a good grip on local real estate developments. This Expats Guide to Invest in Pakistan Property will give you great insight and useful guidelines to ensure that you make safe and secure profitable investments in Pakistan.
In the first step, you should be fully aware of your requirements. You need to go through in detail about why you’re making this investment, and what is your goal to achieve against it. We highly recommend you to decide your holding power prior to making an investment. Holding power simply means the amount of time you are capable of holding your purchased property before opening it up for sale. Additionally, you should be very clear about your budget precisely, so that you can conduct the market research accordingly. Moreover, you’ve to decide whether you’re willing to make an investment in the city you are residing or any other city.
The trend of buying luxury apartments has increased by nearly seven to nine percent in Pakistan in the last decade, primarily due to an increasing demand for secure, well-maintained housing units; it is therefore not surprising that between 2010 and 2016, apartment prices increased by 120%, while houses registered a much slower increase, at 80% (source: Pakistan Economic Survey, 2016). Traditionally, apartment projects were mostly limited to Karachi, as cultural preferences in Lahore and Islamabad were for horizontal residential projects. However, with the rapid urban sprawl, cities have become congested, land prices are going up, and the apartment living trend is swiftly gaining traction in these cities as well. In fact, in the last five years alone, the demand for apartments has gone up by nearly 30%, which has given rise to an increasing number of newly constructed high-rise luxury apartments in Lahore and Islamabad.
Lahore, Karachi, Islamabad, Faisalabad are considered the best cities for real estate business. But there are also a lot of other interesting areas so , to get the bigger complete picture, you should inform yourself on the most complete real estate portal for Pakistan, which is Graana.com.
Welcome to Graana.com – Pakistan’s Smartest Property Portal! For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana; where quality beats quantity. See extra details at Property portal Pakistan.
The goal to transform the way we buy and sell property in Pakistan was an ambitious one, to say the least. Knowing he needed to create an effective ecosystem, Shafiq Akbar reached out to Maj Gen (R) Saad Khattak to take charge of the administration. Farhan Javed took up the critical role of Creative Director, while Arslan Javed joined as Head of Product Development to steer the project forward.