Real Estate
Real Estate in Pakistan
What are the Real Estate Trends In Pakistan?
The Growth in Real Estate sector in Pakistan is directly affected by different means which help the economy grow by the real estate market. Due to political and economic crisis in Pakistan the Real estate market since 2022 haven’t been really in a very good progress. There is a decline in the investment options and opportunities due to impact of inflation on real estate sector. Real Estate trends in Pakistan are swinging in different patterns as the overall country situation is not in control. Some factors which initially affected positively Pakistan in real estate sectors were as follows:
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Growing Tourism and Real Estate
The on growing tourism in Pakistan is helping the real estate market as it is directly linked with the residence of tourists who travel from all over the world and looking forward to spend their time peacefully here. Investors and developers from all over Pakistan have built numerous housing societies and projects at different areas of cities with best facilities and amenities in it. The real estate investment has the potential to expand rapidly and thrive with an innovative strategy. To remove legal, financial, and structural obstacles, it is necessary to overhaul the bureaucracy in this regard.
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CPEC and rise in Real Estate Market
This project CPEC has provided motivation to the economy and real estate of Pakistan by providing various opportunities and projects to the workers. The CPEC proved to be a catalyst for improving the economic situation of many people in Pakistan by providing unemployment for workers earning a daily wage. CPEC has expanded Pakistan’s exports and development progress after it is started its plan in Pakistan. Not just this but this project aims to provide employment opportunities as well for the overall sectors in Pakistan. Current studies conclude that CPEC is connected to infrastructure development, power and transportation, addressing the energy crisis, reducing poverty by employing direct job sources, and increasing trade.
US Dollar And Pakistan's Real Estate
Real Estate news for 2023 in Pakistan
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Demand and Supply in Real Estate Sector
With the growing population in Pakistan and its impact on every sector, a spike in housing societies and properties is seen in the past 5 years specially. The demand for houses and plots is growing because more people are looking for residence and it is helping in growth of real estate sector. It’s the highest ranked business in Pakistan and the demand supply of real estate sector is seen in every city of Pakistan whether its developed or nearly developed. The boom in real estate directly impacts the other industries in development sectors. For domestic and international traders looking for a safe haven for their funds, this is one of the best investment options.
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Expected Growth of Real Estate
The year 2023 is going to be critical for Pakistan’s Real Estate market due to fall of economy in 2022. Carrying the situation of 2022 end, it’s hard to say the graph of Real Estate will grow. The sellers are holding onto their properties at the moment in hopes of increasing their gain and profits in the near future. The final buyer wants to buy a house that is affordable and within their price range. When investing their unused savings in various projects, the investors exercise extreme caution.
Real Estate Forecast 2023 In Pakistan
Top 10 construction companies in Pakistan
- Imarat Group of Company
- Dascon Construction Company
- Jaffar Group of Companies
- Hardbone International Pvt Ltd
- Majestic Builders (Pvt) Ltd Pakistan
- Pak Gulf Construction (Pvt) Ltd
- ZKB (Pvt) Ltd
- Sardar Group of Companies
- Pakistan Engineering Service
- Habib Construction Services