Pakistan real estate has always been denoted as the most lucrative investment sector with every second person willing to invest there and cash in on the perceived huge profits both in short and long term. It might tempt you to think that how lucrative is real estate sector in Pakistan in true manner?
Undoubtedly, the sector offers high returns but it does not mean that one should invest his hard-earned money without considering any factor or without looking previous sale and purchase patterns. “Like every other business, real estate also has its patterns. You have to look at gains but do not forget about the risks, the sector poses. Before investing anywhere and in any kind of real estate asset, make sure you know the factors that drive gains in the area, you intend to invest in,” says Director HomesPakistan, Asad Mirza.
2015 started on a positive note for Pakistan real estate sector and it is expected that the year is likely to uplift the status of property sector. Due to political turmoil, protests and sit-ins in Pakistan, the sector showed activity in selective posh areas of Lahore and Karachi. However, soon after the protests were over, a sudden increase in demand and prices of properties were witnessed in prime areas of the major cities including Islamabad. The sudden spike in demand of properties indicates that people are very much interested in buying properties for living or investment purpose with intention to bag profit in the years to come.
Like other business segments, real estate also has its own dynamics. When we carefully analyze the Pakistan realty market, we find out that this sector is also supply-demand driven. The upper class demands the finest homes in high-end, well-developed housing societies while the middle class looks for a pocket-friendly option. You will have to be strategic in order to decide where you should invest your finance. Seeing the dynamics and your finance, you can decide in which sector demand is higher and you can grab decent profit.
In Lahore, middle and upper middle class invests in residential real estate nowadays and to cater to their needs, developers have been announcing residential societies at the outskirts of city. In the meanwhile, few developers have announced high-end residential societies to cater to the wealthy buyers and investors’ needs. Multiple real estate options will encourage investors to invest in real estate sector and earn profits in the long run. Seeing the boom and anticipating the rise in future, many investors intend to hold the properties for years and postponed the plan to sell them on profit. However, only few investors have the capacity to hold properties for long.
It shows Pakistan real estate is a lucrative sector where people tend to invest for profit but it is not a liquid asset and in order to get decent profit, investors will have to wait for years. “Pakistan real estate sector offers a number of investment options but it is not a cheap investment at all, so if you intend to invest here, pursue market with cautious approach, consult real estate professionals, pick the right option, back yourself with hefty cash and plan an exit strategy,” states Director HomesPakistan Asad Mirza. Only after keeping these pointers in view, you can expect handsome returns from your investment.