Pakistan is a very fast developing country and investing in real estate here is a very good decision. We will discuss the best cities to buy property and also introduce you to smartest property portal for real estate business in Pakistan.
I have generally seen a lot of Expats looking to buy houses in Pakistan either for investment or as a holiday home. I mean seriously no matter how rich you are spending money on unproductive assets is just lame. While the plots appreciate over time in price the Houses depreciate as the construction gets older. Also if you have purchased it as a holiday home you will have to pay a substantial amount every year for its maintenance. Even if you rent your house out it is not worth it as the returns usually are even less than 3% annually. I always recommend that buy commercial properties for rental purposes or apartments.
The real estate sector of Pakistan attracts the interest of millions of people across the country. The secure, timely, and healthy returns of investment make this sector one of the most profitable industries of Pakistan. However, working in this industry is surely not a piece of cake. It’s something beyond buying at a lower rate and selling at higher rates. In order to gain handsome rewards, one should know the foundations of real estate investing. It not only involves various intelligent considerations but also a good amount of experience and basic financial understanding.
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 more info at Plots for sale Pakistan.
Success would not be possible without a creative, hard-working team of professionals, so we brought together the best people the industry had to offer. Each of our team members plays a vital role in the fulfilment of this dream, believing in the collective mission to bring about a real estate revolution.