Property for sale in Pakistan
Pakistan, officially the Islamic Republic of Pakistan, is a state of South Asia. It is the fifth most populous state in the world, with a population of over 209 million people. Pakistan borders to the east with India, to the west with Afghanistan, while with Iran and China it borders to the south-west and the extreme north-east respectively. To the north it is separated from Tajikistan by the corridor of the Vacan of Afghanistan, while it also shares a maritime border with Oman. The capital is Islamabad.
In 2017 investments started to dry up after the implementation of the government tax regime and it was a big change for the Pakistani real estate sector that was booming in early 2016. Because of this change, all investors became sceptical in buying property for sale in Pakistan and now, in 2018, they are interested in the conduct of the real estate market.
From 2017 to 2018 the most sold properties in Pakistan are the luxury properties that have prices above 2 crores. The fall in prices in this category has been estimated at 20%.
Many mid-income investors are showing interest in upcoming projects due to falling prices and, as a result, sales of apartments and properties for sale in Pakistan have been increased. According to real estate agents, this positive change is due to the fact that the phenomenon of easy payments made the investments easy for a salaried person.
Although no change is expected or accepted in the Pakistani real estate market in 2018, there is hope that prices will be sustained in the short term. So, you do not need to rush to sell your properties for sale, at the low price, which are facing the price drop. We advise you to wait about 5-6 months and see how the wind blows.
In Pakistan, the real estate market as a whole has shown overall growth since February 2018. And there is a ray of hope that prices will rise near the election.
There is a sudden growth in real estate in all major cities: Karachi, Islamabad, Lahore and Gujranwala have been facing moderate growth over the past two years. There are countless projects that operate in the market and are well managed in all four cities.
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