What Is The Stance Of Property Market In Pakistan In 2018?
What Is The Stance Of Property Market In Pakistan In 2018?: The government tax scheme of 2016 was accompanied by a significant rise in the real estate sector, but things started to get dull by the year 2017. The developed real estate sectors showed splendid growth, but the underdeveloped or developing sectors were quite slow paced. The year 2018 has not started very great, and investors are confused where to invest and where not to. The investors are unable to predict the direction the real estate market will move in the coming days.
The contemporary conditions of the real estate market might seem confusing, but people that are educated and aware of the opportunities.
The price correction of certain real estate sectors confirms that the recovery of the property market is soon to take place!
Avoid Luxury Houses
Investors should not invest in luxury properties that have a price tag of 2 crores or above. Prices of such luxurious houses will not see improvement and are expected to remain static.
Invest in small houses
Majority of the Pakistani population falls in the middle-class; therefore, small houses are always a good investment choice. Although these small houses of three to five marlas bore stagnation of prices in the year 2016, they have since improved. Small houses also yield a good rental income and are again becoming the favorites of investors.
Housing Schemes
The prices have fallen, and it is now high time that you buy the properties that you only dreamt of in the past. The best way to look would be towards the housing schemes.
Investing in flats or apartments in popular housing schemes such as DHA and Defense is a good choice. The return on investment (ROI) from the apartments of these housing schemes is favorable.
Conclusion
It is always good advice that you do proper research and planning before investing in real estate. Although the prices are down, they are expected to rise in the coming years. Therefore, if you are not getting your property’s worth, try waiting for at least six months to lock a better deal.
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