Pakistan is a fast developing country and investing in real estate here is a very smart choice. We will discuss the best cities to buy apartments 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.
After the initial research is done. Now you have precisely limited your options. Its time to go for purchasing. This is the high time to keep all the legal complexities in your consideration and obtain the relevant transfer and sales deeds verified by an experienced lawyer. Always go for the property with all relevant approvals to avoid any loss due to legal issues. Always take note of the location and the current status i.e the stage of development of your plot. These factors effectively influence the timing that how soon the price of your property will rise.
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. Read extra details on 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.