Pakistan is a fast developing country and investing in real estate here is a very smart 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.
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. See more info on Plots for sale 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.