One of the most universal signs of a country's prosperity and
flourishment is the growth in Real Estate World. The hype in the growth curve
of the Real Estate Market serves as a source of a secure and stable economy.
Along with other future promising industries, many countries across the world
are striving to stand out in Real Estate Business as well.
Across the world, the Real Estate business is showcasing
driving changes and Pakistan is one of the countries where Real Estate Trends are evolving and shaping the Real Estate
Industry. Pakistan Real Estate Industry is taking chances to lead in the Real
Estate market using smart and latest planning and development skills.
As the Real Estate Industry is evolving in Pakistan, the Real
Estate Trends are also progressing. Despite the fact, Pakistan’s real estate industry is improving, Pakistan lacks international standards, and still, there
is room for improvement and growth in the property business in Pakistan.
2020-21&
THE REAL ESTATE TRENDS IN PAKISTAN
For Pakistan, the year 2020 was the game-changer for the real
estate industry. At the start of the year, there was a big crash in the overall
property business sector but at the end of the year, surprisingly there are a
lot of benefits for the people related to this particular business.
The government of Pakistan has announced different packages
to provide relief to the real estate industry and to boost the overall economy
of Pakistan. The construction relief package, new policies for sale and
purchase, and the amnesty scheme has impacted the overall industry and will
take the future of real estate on a positive progressing path. After
announcements of these packages from the government, the prices of property are
rising and the overall economy will also boost up in return.
THE
REAL ESTATE TRENDS IN PAKISTAN
In Pakistan, some cities are becoming Real Estate Investment
hubs, especially in the capital, Islamabad, the investment capital was
utilizing to reshape real estate industry trends with the latest, strategic and
standardize Real Estate Trends andapproaches,
but after the COVID-19 outbreak, in the city of Islamabad, the long
term-outlook in the real estate sector is quite obvious and undoubtedly
Islamabad is not on the list of the hot-selling areas of Pakistan. The question
is how big 2021 is going to be for
Islamabad and what are the real estate expectations regarding Islamabad in
2021? We’ll provide details of the latest trends and expectations in 2021 for
the capital of Pakistan.
Let’s have a look at the Real
Estate TrendsIn Islamabad and how they are shaping in 2021.
Ø Pakistan’s economy was always in a
state of free fall but after COVID-19 and Locust, attacks have damaged the
economy of Pakistan badly. These factors have affected the capital of Pakistan
as well and the real estate business in Islamabad has turn downed.
Ø As the budget is a big economic
booster in the real estate world, and after the corona outbreak surely it has
collapsed. As an outcome, the development sector and real estate industry have
also declined.
Ø Pakistan's debt to GDP is record-high
nowadays. Over the past few years, especially from 2003 to 2013, there was a
booming increase in real estate business in Pakistan and the debt to GDP ratio
was declining. In recent days, the debt to GDP is 86% which is still rising, so
where the price of real estate will go in Pakistan..? That is quite obvious,
and this factor is affecting the real estate business in Islamabad as well.
Ø After the economic breakdown, the
purchasing power of local Pakistani’s has declined so, in Islamabad, the
property purchasing trend has fallen. Also, the end buyers of property in
Pakistan, especially in Islamabad are overseas’s Pakistani’s settled in UAE, UK,
and the USA. As the middle east countries have reduced the salaries of workers,
and the remittances in 2020-2021 would also decrease by 5$ billion, so, the
real estate scenario will be in a crash soon in the capital of Pakistan.
Ø According to the latest property
news, the rate of investment return in Islamabad is very low and long term,
that is why people are reluctant to invest in the real estate business in
Islamabad.
Ø Over the past decades, Islamabad was
the hottest selling area and maximum investors have invested in this area, and
now there is very little room for more investments, and this thing is badly
affecting the real estate sector in Islamabad.
REAL ESTATE TRENDS FORECAST IN ISLAMABAD
The real estate business is in the decline in Islamabad due to all the aforementioned reasons, especially due to
low investment return rates, so Islamabad is not going to be an appealing real
estate investment area. The Capital of Pakistan will always be the best cities
in Pakistan, but in terms of real estate investment plans, it is not going to
be the apple of the eye.
AREAS TO INVEST IN ISLAMABAD IN 2021
Islamabad is a city that offers
various investment opportunities and some of the innovative real estate
projects are worth investing in if you are looking for long-term investment returns.
Several housing societies, residential and commercial projects have great
potential for investors.
Some of the top areas to invest in
Islamabad is:
Ø Pary View City, Islamabad.
Ø Capital Smart City Islamabad.
Ø Blue World City.
Ø Sector C-16, Islamabad.
Ø Sector I-15, Islamabad.
Ø Sector E-12, Islamabad.
Ø Sector G-13, Islamabad.
Ø Park Enclave- Phase III, Islamabad.
All these locations are CDA approved,
NOC holder, and offering basic facilities of life with decent infrastructure.
If you are looking to invest in Islamabad, these areas are worth investing in.
FOR YOUR INFO:
Are you looking to invest in Pakistan
and confused about where to invest in…?
Do not worry, take our kind
suggestion to make the best out of your money. According to the latest property
insides, Lahore is going to be a real estate hub of Pakistan, and the major
property and construction business is shifting there, so it is better to invest
there to make the best out of your money. In terms of real estate development
and construction, Lahore Park View Villas and Lahore Smart City are the
offering best deals.
Think about investing in these areas
and get the best out of your investment.
Goodluck…!
Hello, my name is Jack Sparrow. I'm a 50 year old self-employed Pirate from the Caribbean.
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