Pakistan is a very fast developing country and investing in real estate here is a very smart decision. We will discuss the best cities to buy houses and also introduce you to smartest property portal for real estate business in Pakistan.
As an Expat it may be hard to visit Pakistan every few months unless you are based in Dubai or may be Middle east. In addition every time when you come to buy or sell property, you incur huge transport expenses. So unless you have a huge number of assets, it is best that you prefer investments which will give you returns in 2 to 5 years at least. One year is the minimum you should look at and that too only if you are getting substantial profits.
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.
Graana is a result of simplified essential components of real estate into a more efficient and user friendly portal. We are introducing an extremely transparent and purposeful portal where we will help you buy, rent, sell or even rent out your property, a place where you can sit back relax and let us market your projects and listings. We believe we have set a new standard for the future of real estate in Pakistan by providing the smartest property portal. See extra details on Property portal Pakistan.
Our story begins with Shafiq Akbar’s dream of transforming the way Pakistan’s real estate operates. After spending a decade and a half creating a stellar reputation in the UK’s real estate market by completing more than 55 successful projects, he longed to return to his home to encourage professionalism and transparency in the real estate sector.