In Pakistan, real estate is considered one of the biggest attractions for investments. A real estate investment hardly ever brings a loss and most of the time you earn a handsome amount of profit, however, real estate investments are mostly long term. Pakistan’s current economic and political situation is a question mark and people are wondering if they should invest in real estate at the moment. One needs to do thorough research before deciding to invest anywhere in the real estate market and understanding the real estate trends is necessary.
Although the real estate market in the previous year was down due to multiple reasons such as political and economic instability, the current year is showing an improvement in the overall environment of the real estate sector. One of the major reasons for the rise is because of the CPEC project galloping towards development. Lands with access to roads and highways have become more valuable than before. CPEC is also promising in terms of foreigners coming to Pakistan for employment, which paves its way for overseas investments in the real estate market of Pakistan.
Let’s shed some light on the real estate market conditions in the three major cities of Pakistan
Lahore
The real estate market of Lahore is on the rise because of the positive reforms implemented by the governmental bodies. These reforms are a hope for turning the economic situation of Pakistan around and it is already being reflected through real estate prices in Lahore. However, It does not mean that real estate developers will not see the tides in the business as very recently, even well-known housing societies of Lahore such as Johar Town, Model Town, and DHA Lahore has faced slow investments. Real estate experts are hopeful that in the coming few months the market will pick up the pace again. Some of the new real estate projects in Lahore where you can invest are Defense View Apartments, Union Complex, Palm City, Khanial Homes, and the Spring Apartment Homes.
Karachi
The law and order situation was one of the greatest factors affecting the real estate investments in Karachi. With the recent improvement in law and order situation, the real estate market of Karachi is back on track. Some of the new real estate projects in Karachi are Safari Vista, Dominion Twin Towers, Liberty Heights, ASF city and Coral Tower.
Islamabad
The Capital Development Authority (CDA) is making great efforts in order to establish some very fine housing schemes in the capital. Because of the pleasant atmosphere, being the capital and proper law and order system, Islamabad is attracting many investors from across the country to buy properties in the city. In Islamabad, some of the very promising projects are Eighteen, Countree Resorts and Farm Houses, Gulberg Mall, The Centrium, Motorway City and Time Square Residence.
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