Posted by Patrick Moreau on June 13, 2019 in Real Estate
Pakistan is a very fast developing country and investing in real estate here is a very good choice. We will discuss the best cities to buy property 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.
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.
A unique aspect of Pakistan’s real estate market is that the industry hits record highs and lows within a span of a few years. Elsewhere in the world (barring the 2005 sub-prime mortgage crisis), the real estate industry more or less follows a steady growth rate (five to eight percent per annum is the average). In Pakistan, however, when bullish trends are witnessed in the market, monthly growth rates of more than 10% are recorded, which are unprecedented. This was the case post 9/11, when FDI by expatriates increased, and again, between 2011 until the announcement of the Federal Budget 2016-17.
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. Read more details on Smartest 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.