Pakistani real estate market has entered a period of rapid increase


" Pakistan & Gulf Economist" magazine published in 2016 Tenth analysis articles on the real estate market of Pakistan, said Pakistan real estate market is growing rapidly grow, prosper and will continue to maintain the upward trend in the coming period. The main contents are as follows:
By 2015, Pakistan Karachi , Lahore, Islamabad and other places in Gwadar real estate markets performed well in 2015, the average price of real estate Pakistan increased by 10%, while the Gwadar real estate is up 5 times. Between 2012 and 2015, the average land price in the DHA district of Karachi rose almost from Rs 30,000 per square yard (about US $ 350 per square meter) to Rs 90,000 to Rs 100 (about US $ 1,100 per square meter) three times.
Real estate prices are mainly due to lower interest rates and good economic expectations. Currently, the interest rate of the Buri Bank stands at 6%, the lowest level in history (historically, the average Ballyhoo rate is around 12%). Through the construction of the China-Pakistan Economic Corridor, China will invest more than 46 billion U.S. dollars in the port of Baghdad and the energy and infrastructure sectors. The continuous improvement of the security situation and the growth of foreign direct investment have reinforced investors' confidence in the future economic development.
The hot real estate market has attracted people to transfer their assets from bank deposits, stocks and gold to real estate, which is exacerbated by the collection of withholding taxes on bank transfers. In addition, Dubai real estate hit hard after the financial crisis , and its real estate prices are still below the pre-crisis 10%. In 2015, the real estate turnover dropped by 70% from a year earlier, causing a large number of overseas Pakistanis in Dubai to buy property back.
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The security situation is crucial to real estate after Islamabad and Lahore's real estate markets have been performing better than Karachi but the security situation has improved significantly since the Pakistani Counterparts (Rangers) entered Karachi, and Karachi prices climbed one after another . With a population of 25 million, Karachi is the largest population city in Pakistan and the second largest in the world. At the same time, Karachi is another economic and financial center of Pakistan. It has more job opportunities and better education and medical conditions, and has prompted more people to come to settle in Karachi.
Real estate in Karachi was once prosperous from 2000 to 2010, but house prices fell after 2011-2014 as people moved from Karachi to Lahore and Islamabad due to deteriorating security conditions. In 2015, the "Karachi Operation" significantly improved the security environment, promoted the real estate revolution, and the price increase of more than 20%. Many overseas Pakistanis also started to invest back in China. If Rangers anti-terrorist operation can continue, the future real estate prices in Karachi is estimated to be doubled.
In 2016, the real estate market in Pakistan is expected to continue its prosperity. In particular, the real estate prices in areas such as DHA and Bahria are likely to accelerate their growth and the growth rate in some areas may reach 60% or more. However, fast-growing real estate prices also exclude potential middle-class buyers, and even many overseas workers in Pakistan can not afford such high prices. At present, the price of villas of 400-yard size in Pakistan is on average about 350,000 U.S. dollars, while that of 240-yard villas is about 220,000 U.S. dollars. The future of large luxury residential may be gradually replaced by apartment blocks.
Top ten Real Estate Developments of Lahore



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