Pakistan is a fast developing country and investing in real estate here is a very good decision. We will discuss the best cities to buy plots and also introduce you to smartest property portal for real estate business in Pakistan.
The public real estate sector is not regulated in Pakistan and therefore a huge number of projects fail every year and a lot of people lose their heard earned money. Besides this, there are a lot of fraudulent societies who try to rip off people and due to a weak law and order situation, it is too easy for them to get away with this. If you are an Expat and you are reading this, count yourself lucky. Although this guide is mainly for safe investments in Pakistan and can help people living in Pakistan as well, it is even more relevant to investors who can not visit Pakistan for years and some times do not have a good grip on local real estate developments. This Expats Guide to Invest in Pakistan Property will give you great insight and useful guidelines to ensure that you make safe and secure profitable investments in Pakistan.
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.
Given these statistics, the State Bank of Pakistan’s (SBP) assessment that the affordable house price to income ratio is 20:1 in Pakistan (compared to a global average of 5:1), should not raise any eyebrows. The first question that pops into one’s mind almost immediately is what steps has the Government taken to address this issue? Over the years, many announcements of Government-sponsored low-cost housing projects have made headlines. These include the Apna Ghar Scheme in Punjab, the Behan Benazir Basti (Benazir Housing Program) and Shaheed Benazir Bhutto Housing Scheme in Sindh, and similar programmes in other parts of the country.
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 info on Property portal 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.