Pakistan is a fast developing country and investing in real estate here is a very good choice. We will discuss the best cities to buy houses and also introduce you to smartest property portal for real estate business in Pakistan.
I have generally seen a lot of Expats looking to buy houses in Pakistan either for investment or as a holiday home. I mean seriously no matter how rich you are spending money on unproductive assets is just lame. While the plots appreciate over time in price the Houses depreciate as the construction gets older. Also if you have purchased it as a holiday home you will have to pay a substantial amount every year for its maintenance. Even if you rent your house out it is not worth it as the returns usually are even less than 3% annually. I always recommend that buy commercial properties for rental purposes or apartments.
A file is basically a document about a plot in a society that is yet to be developed. This future plot in society has no allocation or possession for the time being. This document is favorable if you’re looking for a long term investment. Once the plot associated with your file become developed, the rates increase drastically. It means the returns linked with this file can be very high. Purchasing a file can be a great option to invest in real estate with a little investment. All you need is to get them as early as possible.
Since residential and commercial properties are not documented at their current market values in Pakistan, it is an impossible undertaking to determine the worth of the real estate sector. However, FBR released data and industry surveys estimate that the industry is worth around $700 billion (source: Lamudi Real Estate Market Report Pakistan 2015). Real estate and construction, together, account for approximately two percent of Pakistan’s total GDP. Not only does it generate a high level of direct employment, the sector also stimulates demand in more than 250 ancillary sectors, including cement, steel, paint, brick, building materials and consumer durables, to name a few.
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 at Plots for sale Pakistan.
Our story begins with Shafiq Akbar’s dream of transforming the way Pakistan’s real estate operates. After spending a decade and a half creating a stellar reputation in the UK’s real estate market by completing more than 55 successful projects, he longed to return to his home to encourage professionalism and transparency in the real estate sector.
