Pakistan is a fast developing country and investing in real estate here is a very good decision. We will discuss the best cities to buy apartments and also introduce you to smartest property portal for real estate business in Pakistan.
As an Expat it may be hard to visit Pakistan every few months unless you are based in Dubai or may be Middle east. In addition every time when you come to buy or sell property, you incur huge transport expenses. So unless you have a huge number of assets, it is best that you prefer investments which will give you returns in 2 to 5 years at least. One year is the minimum you should look at and that too only if you are getting substantial profits.
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 reason why investment was taking place for short-term gains was because the sector was not regulated or taxed until 2014. The Government maintained a ‘no questions asked’ policy about the source of the capital coming in, and for decades the sector remained the ideal spot to park black money. This led to the creation of a property bubble with artificial price hikes and a widening supply-demand gap in the housing sector. The situation has been further aggravated by the fact that Pakistan is the most urbanised nation in South Asia. If rural to urban migration continues at the existing rate, urban population is expected to reach 95.62 million by 2025, taking the urbanisation level to an unprecedented 53.3%.
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 more details on House for sale Pakistan.
Our story begins with Shafiq Akbar’s dream of transforming the way Pakistan’s real estate operates. After spending a decade and a half creating a stellar reputation in the UK’s real estate market by completing more than 55 successful projects, he longed to return to his home to encourage professionalism and transparency in the real estate sector.