Investment in real estate in Pakistan has always been a profitable business for real estate agents. The fact is that everyone can see bright prospects if they own any kind of property.
The main reason for this can be urbanization. Decades back, most of the area in Pakistan was agricultural land.
With more people moving towards metropolitan cities, definitely in search of jobs, education, and better living facilities, more land is becoming part of commercial construction.
How To Invest In Real Estate In Pakistan?
There are many ways you can actually make a safe property investment in Pakistan such as:
- Rentals
- Buying and reselling of property
- Buying and reselling of files
- Mortgage
- Investing in a land with future prospects
What Are The Benefits Of Investment In Real Estate?
If I can tell you what benefits you’ll get, there would be many. For example:
- Appraisal of your money
- A continuous source of income
- Guarantees a safe future
- A solid asset
Why Invest In Real Estate In Pakistan?
Many of you would be thinking that with such inflation and political instability in our country, is there even a future for this type of investment?
Well, let me tell you that the real estate gurus predict the year 2022 to be a boom for real estate investment. Some of the reasons can be the following:
- Urbanization:
Without a doubt, metro cities are furnished with better health, education, and work opportunities. Cities such as Lahore and Karachi are already overpopulated.
And still, more and more people tend to migrate here in search of a better lifestyle. This urbanization is making it difficult for people to find a reasonable place to live.
In such cases, investment in real estate will benefit you when people are looking for rentals. Even if you have a spare room in your home, you can rent it at a good price.
- Tax Relief:
There has been a major relief on property tax in the year 2021 which is expected to continue this year.
It means that owning property will come with less liability. Moreover, a lot of relief has been given to the construction sector.
- CPEC:
The CPEC pact is bringing a lot of developmental reforms to the country. With this, new avenues of real estate investment have opened.
One of such is GWADAR. Many people are investing in property in Gwadar. Its commercial area is of high potential. The cherry on top is that buying and reselling files is getting a lot of profit.
Another benefit CPEC brings is the residence of Chinese engineers and officers working In Pakistan for CPEC projects. Actually, they need somewhere to live too which is why Gwadar is keenly working on establishing residential projects.
- Unstable Investment Options:
Other than property, people prefer to invest in Gold and the stock market. However, with the recent political situation in Pakistan and high rising inflation, these investments have become risky.
On top of this, gold prices are unstable and they can rise one day and drop the other day. That’s why we cannot determine when to buy and sell the gold.
