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 property and also introduce you to smartest property portal for real estate business in Pakistan.
The first and most important rule of all is that you should only invest in tested and trialed societies. If one of your investment in smaller societies has given good returns in the past it does not mean the next one will do as well. All private societies are subject to huge risks There is no need for you to experiment even if you believe that it will give you great returns. The reason to select these societies is that they are regulated, they have been delivering to the people of Pakistan for years now and at an average they have given best results in terms of profit in past couple of decades. In addition liquidity in these big societies is good and therefore it is very easy when you wish to sell as buying is not the only thing which should concern you and selling is equally important for good profit taking.
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.
The trend of buying luxury apartments has increased by nearly seven to nine percent in Pakistan in the last decade, primarily due to an increasing demand for secure, well-maintained housing units; it is therefore not surprising that between 2010 and 2016, apartment prices increased by 120%, while houses registered a much slower increase, at 80% (source: Pakistan Economic Survey, 2016). Traditionally, apartment projects were mostly limited to Karachi, as cultural preferences in Lahore and Islamabad were for horizontal residential projects. However, with the rapid urban sprawl, cities have become congested, land prices are going up, and the apartment living trend is swiftly gaining traction in these cities as well. In fact, in the last five years alone, the demand for apartments has gone up by nearly 30%, which has given rise to an increasing number of newly constructed high-rise luxury apartments in Lahore and Islamabad.
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 extra details at 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.