Pakistan’s real estate trends are only increasing and not going down over the years and this has caused a raise in the GDP of our country and economy as well. Real estate has always been in trend in the industry.
Most part of the Pakistan’s economy rely on Real Estate. There are several trends that are increasing in the real estate market of Pakistan, 4 of them are discussed below. Read more about silver city Islamabad.
Rise in the Prices of Homes
In the last 5 years, the prices of homes have increased drastically. For instance, if someone bought a home of 10 Marla of 90 Lakhs 5 years ago. In today’s real estate market, it might worth 2.5 crores or more. Increasing prices of homes is a new key trend in the real estate market of Pakistan.
It is a good thing for investors, as they can purchase any house now and then resell it when its prices rise with a notable profit. It not only boosts the economy but also boosts up the investing opportunities of investors who want to invest in real estate business.
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Online Real Estate Business
Online business of real estate started in the 2010s but it really got the limelight it needed after 2016 or 2017. Online real estate really became a trend in 2017, when people started using their apps. In online real estate, you just have to open the application/website and search for what kind of property you are looking for.
People just use these apps to find a home of their dreams or whatever they are looking for. These apps have different types of options like Renting, Buying, and Selling. You can choose according to your requirement and needs.
Now a days, if people like something or it has touched their heart, they won’t hesitate in investing there and they would definitely take a risk. Here is one example, if anywhere, people think they are going get benefit and profit, they invest without doing background checks.
For example, if there is a new colony which has just announced that they would be opening for registration. Some people will not wait for the developmental projects to start and would invest in there. Taking risky options while investing in real estate business is a new trend in real estate business these days.
New Housing Schemes
In the ending of recent decade, a lot of new projects of new housing schemes and societies were started. These colonies and societies became successful and became a trend in Pakistan’s real estate market for the following particular reasons.
Everyone wants to live in a place that is synchronized and the blocks and sectors are designed with a proper plan, where roads are neat and smooth, where there are parks, and the most important thing is cleanliness. These societies have all of these facilities and they offer them. That is why people have started to invest in them and that’s why they are getting successful.
Pakistan’s real estate trends keep changing and they do variate from time to time but one thing is constant from years and that is the increasing costs of property and especially landmarks. They are pretty expensive. One more trend that has been in Pakistan’s real estate for years and that is renting out the property and commercial shops and plazas.
These were all the important trends that are in real estate market of Pakistan. Some of these trends have never remained constant and they keep changing, the trends that are mentioned are current trends of real estate market.
Muhammad Junaid is a senior Analyst and Search Engine Expert. Extensive experience being a lead writer in Sigma Properties |Taj Residencia. Work for years with local and international enterprises. Also, represent well-known brands in the UAE.