Feeta Blog

  • News
  • Construction
  • Tips & Advice
  • Amazing Design Ideas
  • Interior Decoration Ideas
  • Style Your Home
  • Design Gallery

Pakistan’s valiant real estate market

Saturday, 18 April 2020 / Published in News

Pakistan’s valiant real estate market

LAHORE: 

Pakistan’s real estate market tends to ignore broad scale macroeconomic indicators, posting growth even as foreign direct investment falls or infrastructure spending remains stingy.

Data from an online property portal, Zameen.com, shows the country’s property market has posted a phenomenal growth of 118% in the last five years. This high growth rate can be attributed to robust demand from seasonal investors, genuine buyers and an overwhelmingly better security situation.

Karachi: 

Karachi has led the way in terms of growth with the strongest figures coming from the port city’s residential plots. In Karachi, an average residential plot price in January 2011 was at Rs2, 276 per square feet but amounted to Rs8,089 by January 2016. The city posted a growth of 255% in the last five years.

Lahore’s case is not that different. Data revealed that average prices of residential plots have observed a 149% growth in the last five years.  Average price in the city soared to Rs3,339 per square feet in January 2016 from Rs1,336 in January 2011.

The country’s capital city also posted an average growth of 143% in residential plots, where prices reached Rs2, 699 per square feet in January 2016 from Rs1,108 per square feet in January 2011.

Zameen.com Chief Executive Officer Zeeshan Ali Khan said that it is likely that the growth trend will continue due to increasing urbanisation and demand for housing.

“Pakistan’s economy is expected to grow and with the China Pakistan Economic Corridor (CPEC) coming up additional opportunities for the economy will open including the real estate sector.”

Khan said that the effect of CPEC is already evident in Gwadar, where average property prices have risen up to 70%. In some areas of Gwadar, a growth of around 200% has been recorded over the last few years, said Khan.

While many real estate experts believe that prices have reached a peak and a downfall is imminent, Khan said the slide is unlikely. “Majority of the dealings are carried out in cash and there is less dependence on mortgage loan facilities. The market remains a safe bet.

“There is little or no concept of mortgage finances in Pakistan to buy land or a housing unit. We mostly deal in cash. Hence, in stagnant markets, people have the much-needed holding power.”

What you can read next

Property Investment in Pakistan
Market insights: Property Investment in Pakistan – Stay Ahead of the Markets
Considerable Designs for Kitchen Flooring
How can I buy property in Pakistan?

Style Your Home - Gallery

Pin #700169073308717046

Hidden Passage Bookcase

Hidden Room/Custom Bookcases

Source: dovetailmt.com

Pin #700169073308717043

Source: essentialhome.eu

38 Amazing freestanding tubs for a bathroom spa sanctuary

38 Amazing freestanding tubs for a bathroom spa sanctuary

Source: onekindesign.com

Dining Area Ideas – 847099079850021027

Check out this Dining Area Ideas for your projects

Source: myplans.co.za

Pin #700169073308716953

Pin #700169073307264746

Source: dianaevans.topwomentrends.com

Top 50 Best Hidden Door Ideas – Secret Room Entrance Designs

Top 50 Best Hidden Door Ideas – Secret Room Entrance Designs

Source: nextluxury.com

Look We Love: Gray Kitchen Cabinets with Brass Hardware — Kitchen Inspiration | The Kitchn

Look We Love: Gray Kitchen Cabinets with Brass Hardware — Kitchen Inspiration | The Kitchn

Source: thekitchn.com

Pin #700169073308717012

Source: s3.amazonaws.com

Murphy Door – Fully Assembled Bookcase Door with Hardware, Jamb and trim Included. To make that hidden room you always wanted!

Murphy Door – Fully Assembled Bookcase Door with Hardware, Jamb and trim Included. To make that hidden room you always wanted!

Source: themurphydoor.com

Our Black Friday Sale Favorites – Studio McGee

Our Black Friday Sale Favorites – Studio McGee

Source: studio-mcgee.com

Pin #700169073308717002

Alexia 6 2 X 9 3

Alexia 6′.2″ x 9′.3″

Source: rebeccaandgenevieve.com

Bookcase Secret Door – Hidden Door Store – Sophisticated Hidden Bookcases & Secret Mirrors

Bookcase Secret Door – Hidden Door Store – Sophisticated Hidden Bookcases & Secret Mirrors

Source: hiddendoorstore.com

Hidden safe room in the kitchen island!

Hidden safe room in the kitchen island!

Pin #700169073308717026

Source: ergoarchitecture.com.au

Pin #700169073308717062

Source: homedecorbedrooms.blogspot.com

Living Inspo

Sky is the limit for this grand home.

A winding stairway with skylight and wooden cladding is just a small part of this luxurious bungalow.

Source: dressyourhome.in

GOSSIP

  • News
  • Construction
  • Tips & Advice
  • Amazing Design Ideas
  • Interior Decoration Ideas
  • Style Your Home
  • Design Gallery
TOP