Why to Invest in Pakistan in Real Estate?
Pakistan real estate sector has surprised the real estate experts and economists with its performance during the last one decade. Just when the property value and demand went down all over the world, Pakistan’s realty market experienced a drastic surge. The effects of this sudden rise in property value can still be felt in the local realty market. Hundreds and thousands of people chose to deal in the property business and make millions from this sector in very little time.
Although some people claim that last 5 years have been down for the property sector but they would agree with the fact that tremendous development in residential as well as commercial sector has been observed during those apparently unproductive real estate years. Let us have a look at some of the reasons why Pakistan real estate sector makes a popular choice for investors.
Promising Future of Urban Settlements
As compared to the international cities and universal standards of a luxurious lifestyle, Pakistan may be a developing country but in comparison to what Pakistan was back in the mid 90s, a lot has changed. From a wide and extensive network of roads to international standard transport and residential units, the urban settlements in Pakistan have experienced a noticeable transformation.
The population influx from smaller towns and villages to bigger and developed cities confirms that people find urban lifestyle more convenient and desirable. Since demand determines value, the increasing value of residential property in Lahore, Karachi, Islamabad, Peshawar, Quetta, Muzaffarabad, and Rawalpindi is justified.
For the business community, an investment in Pakistan real estate is a safer one, even if they have to wait for decades. A considerable number of people find real estate investment better than putting away all of their money in a bank account. It has been observed during the last many years that the value of property has increased. The investors have made huge profits by buying apparently an unattractive piece of land for peanuts and later selling it for millions of rupees.
This practice is no longer a secret strategy to pull huge profits out of real estate investment. Therefore, many people have bought lands in the outskirts of developed cities and are now waiting for the prices to reach their peak so that they can sell that land and invest in more land elsewhere. It is true for agricultural land as well.
Interests of Overseas Pakistanis
The changing face of international affairs and politics observed after 2001 has made Pakistanis very insecure in Europe, America, and Canada. Many of them have either returned to Pakistan or moved to other countries for jobs and the rest are sending their money back home for secure and profitable investment because they are made to believe that Pakistan is the only place in the world where they can live without being questioned about their beliefs or nationality. The increasing interest of overseas Pakistanis is the main reason why Pakistan real estate experienced a drastic increase in its value.
The above-discussed points are only the major ones that have convinced the local investors and foreign companies to consider Pakistan real estate a secure and profitable sector for securing better returns on their investment. Followed by rapid development, mushrooming housing schemes, robust development work, and security for the investors, Pakistan real estate is bound to grow further.