The Pakistan real estate that showed a strong start in the beginning of 2016 has rather slowed down in recent months. Home sales have slowed down, which means homes are listed on the market for longer periods of time. However, the political situation in the country is the main factor that is affecting different industries, and real estate is one of them.
Despite all that, the prospects of renting are still bright across Pakistan. While the main tenant population comprises of students, there has been an upsurge in suburban families and young couples moving into urban cities across the country. Here are our picks for top four rental locations in Pakistan!
The capital city remains the biggest real estate attraction in Pakistan, despite being on the backend of political rallies. The expansion plan of the city has worked off quite well and new housing schemes like DHA Overseas and Bahria Town are fast becoming occupied. Islamabad is also the hub of higher education and SMEs in Pakistan, which is why it has an increasing young population that is renting out apartments and condos.
These days, varieties of options are available to buy property in the second largest city of Pakistan but it seems to be a daunting task. Due to the recent shift in real estate investment from land plots to high-rise buildings, the trend of mixed-use developments is increasing day by day in Lahore.
This is the best area in Lahore with all kinds of amenities and world-class infrastructure. It is a community that provides peaceful, safe, and healthy surroundings for its residents. DHA Lahore is divided into several phases covering most of the landscape of Lahore.
Not only housing, but DHA Lahore is also popular due to the business opportunities in the area. Everything you can dream of living can be found in DHA Lahore so, it is safe and beneficial to invest in this area.
The real estate market of Karachi is a classic example. The property prices have surged swiftly in the country’s largest metropolis. The unplanned rise in the city’s population due to immoderate rural-urban migration has augmented the demand for housing. The gravity of this snag is such that the city lacks a master plan.
This staged an opportunity for the builders and developers to use barren land available on the outskirts of the city. The land parallel to the super highway attracted hefty investment. The largest project to emerge onto the scene is Bahria Town, Karachi. The development of Bahria Town sparked an uptick in the prices of dozens of cooperative housing societies.