Pakistan is a very fast developing country and investing in real estate here is a very smart decision. We will discuss the best cities to buy houses and also introduce you to smartest property portal for real estate business in Pakistan.
Expats are one of the main source of foreign direct investment in Pakistan. In 2018 expats have sent more than 11.8 Billion USD as remittance in Pakistan in the first 7 months. A major portion of this investment is being used to buy property in Pakistan. Millions of Pakistanis are spread all around the globe to find a better living for themselves and their families. However, at the end of the day they want to invest in Pakistan to secure a home for themselves and their children.
Purchasing a property in the form of apartment, house or commercial property and renting it out is an income generating sort of real estate investment. You just have to sit back and enjoy the fixed monthly earning while your property value is also increasing day by day. Purchasing open land foreseeing the development: This form of investment is comparatively riskier and a less-adapted sort of real estate investment. In this type, you need to take a bold decision by purchasing a property that has not developed yet or owned by any society. Usually, investors with good long-sightedness of the market opt for this strategy. They foresee that a developer will purchase from them in the future at higher rates to develop their project. At the moment, this strategy is largely trending in Gwadar.
Since residential and commercial properties are not documented at their current market values in Pakistan, it is an impossible undertaking to determine the worth of the real estate sector. However, FBR released data and industry surveys estimate that the industry is worth around $700 billion (source: Lamudi Real Estate Market Report Pakistan 2015). Real estate and construction, together, account for approximately two percent of Pakistan’s total GDP. Not only does it generate a high level of direct employment, the sector also stimulates demand in more than 250 ancillary sectors, including cement, steel, paint, brick, building materials and consumer durables, to name a few.
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 info on Smartest real estate portal Pakistan.
After a careful examination and assessment of the dynamics of the real estate industry in Pakistan, the foundation for this much-needed service was laid. The goal: to develop a product that provided safe and transparent property transactions and result-oriented profitable deals for every Pakistani who needed to buy, sell, rent, invest or develop.