Pakistan is a fast developing country and investing in real estate here is a very good decision. We will discuss the best cities to buy apartments and also introduce you to smartest property portal for real estate business in Pakistan.
The first and most important rule of all is that you should only invest in tested and trialed societies. If one of your investment in smaller societies has given good returns in the past it does not mean the next one will do as well. All private societies are subject to huge risks There is no need for you to experiment even if you believe that it will give you great returns. The reason to select these societies is that they are regulated, they have been delivering to the people of Pakistan for years now and at an average they have given best results in terms of profit in past couple of decades. In addition liquidity in these big societies is good and therefore it is very easy when you wish to sell as buying is not the only thing which should concern you and selling is equally important for good profit taking.
After the initial research is done. Now you have precisely limited your options. Its time to go for purchasing. This is the high time to keep all the legal complexities in your consideration and obtain the relevant transfer and sales deeds verified by an experienced lawyer. Always go for the property with all relevant approvals to avoid any loss due to legal issues. Always take note of the location and the current status i.e the stage of development of your plot. These factors effectively influence the timing that how soon the price of your property will rise.
The trend of buying luxury apartments has increased by nearly seven to nine percent in Pakistan in the last decade, primarily due to an increasing demand for secure, well-maintained housing units; it is therefore not surprising that between 2010 and 2016, apartment prices increased by 120%, while houses registered a much slower increase, at 80% (source: Pakistan Economic Survey, 2016). Traditionally, apartment projects were mostly limited to Karachi, as cultural preferences in Lahore and Islamabad were for horizontal residential projects. However, with the rapid urban sprawl, cities have become congested, land prices are going up, and the apartment living trend is swiftly gaining traction in these cities as well. In fact, in the last five years alone, the demand for apartments has gone up by nearly 30%, which has given rise to an increasing number of newly constructed high-rise luxury apartments in Lahore and Islamabad.
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. Read more info on Apartments for sale Pakistan.
Success would not be possible without a creative, hard-working team of professionals, so we brought together the best people the industry had to offer. Each of our team members plays a vital role in the fulfilment of this dream, believing in the collective mission to bring about a real estate revolution.