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.
Expats are one of the main source of foreign direct investment in Pakistan. In 2018 expats have sent more than 11.8 Billion USD as remittance in Pakistan in the first 7 months. A major portion of this investment is being used to buy property in Pakistan. Millions of Pakistanis are spread all around the globe to find a better living for themselves and their families. However, at the end of the day they want to invest in Pakistan to secure a home for themselves and their children.
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.
The reason why investment was taking place for short-term gains was because the sector was not regulated or taxed until 2014. The Government maintained a ‘no questions asked’ policy about the source of the capital coming in, and for decades the sector remained the ideal spot to park black money. This led to the creation of a property bubble with artificial price hikes and a widening supply-demand gap in the housing sector. The situation has been further aggravated by the fact that Pakistan is the most urbanised nation in South Asia. If rural to urban migration continues at the existing rate, urban population is expected to reach 95.62 million by 2025, taking the urbanisation level to an unprecedented 53.3%.
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 more info at Smartest 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.