Today we will be talking about the Real estate market trends in Pakistan 2020 and beyond. Our experts and researches did a very detailed study to bring all of you these new trends from all over Pakistan. So, if you are a real estate agent, then it is better that you go through these trends thoroughly, or if you are someone who is planning to invest in the real estate market, then we at thepropertygalore.com recommend you to have a much closer look at this article.

Introduction

If you have sufficient savings at your hand and you are looking for an opportunity to gain profit through those saving then having a Real Estate in Pakistan is a great opportunity for investing your money without the fear of risking it. This being a great investment opportunity it also is a long-term investment or business because those who have their own home are not selling it, as they are waiting for its price to increase. In Pakistan, there are lots of real estate agents and businesses which are busy buying projects that are going to take years to finish.

Seeing the real estate market, there are lots of residential projects that are being constructed on the environments of many major cities. The estate projects which have been going on for most of them they have been targeted at the top of the market with prices in hundred-thousand ranges. If we see the other side of the real estate market there are lots and lots of people who are applying to home loans but a consistent increase in the interest rate is directing towards a good share of them to default on their loan. This proves that it is not a good sign for the market.

What is the actual real estate trend in Pakistan?

If we see Pakistan’s real estate trend, we can say that it is somewhat a part of the closely global explosion of the Real Estate market. We see that prices are progressively increasing and they are just kept on increasing and increasing. Moreover, the prime locations of Pakistan which are the cities like Lahore, Islamabad, and Karachi are in high demand among both sellers and buyers. The properties at such prime locations have high money standards, their prices have been getting into the above million US dollars range. Now if we go to buy a 1 canal house in some housing schemes like Bahria Town, Model Town, Gulberg Islamabad, or DHA, you will see that the cost of their property will be somewhere from $100,000 to $400,000.

What are the Prospects for real estate 2020?

This indeed is a really good question. As Pakistan is not a very stable country when it comes to the Political situation. The unstable political situation of Pakistan has affected the real estate market in many ways, it has been observed that back in 2019 the country’s real estate sector could have seen downtimes. It is now being hoped that this sector of Pakistan will soon see good times in the upcoming years. The production and the development process for many developments that are still underway across the country will be an influence on the real estate values upon their terminus.

Now looking and observing in between these developments lays the China-Pakistan Economic Corridor (CPEC). 

Now you may ask… What is the china-Pakistan Economic Corridor (CPEC)?

The CEPC is the construction of a road network that aids in directing a connection from the Gwadar Port to the Xinjiang, which is the capital city of China. The construction of this road network will aid in promoting business among these two countries After this high esteem project gets completed, it is being hoped that it will generate more possibilities for Chinese investment in the country.

Now you may ask… How is the china-Pakistan Economic Corridor CPEC project help in the world of real estate?

The construction of this road networks will influence greatly among the real estate sector. The thing is, as this project will complete, more and more Chinese residents will want to move to Pakistan so that they could live in areas closer to their place of work. The CPEC project also acts as a warm welcome to the foreign investments to come awash in.

Bahria town real estate prospect

Now let us talk about the three of the major cities concerning the Pakistan’s real estate market and their presage for 2020. Those three major cities are:

Lahore

Our experts had a look at the previous year’s records for Lahore’s real estate, they have concluded that there were various optimistic changes and policies after the elections. These changes have played as a to twist the country’s present financial situation around. Now putting a closer look at the elite societies such as Bahria Town, DHA, Model Town, Johar Town, and Gulberg Islamabad, it has been seen that they are considering a slow investment input at that moment. Seeing all of the changes and the current trends it is being hoped that the market will rise again once in 2020.

Karachi

The newly elected government has been playing a vital role in the effect on Karachi’s law enforcement as the city becoming more secure for inhabitants. 2019 has been quite a victory for the real estate market but comparing 2020 to it, we can say that 2020 is an inclination. New projects such as Bahria Town, Gulberg Islamabad, Bahria Town Rawalpindi, Bahria Town Karachi, the Bahria Town Islamabad, Blue World City, Green Oaks, etc, were started last year in Karachi. These projects might be good investment options in Karachi and can prove to be a lucrative choice.

Islamabad

For the region of Islamabad, the Capital Development Authority (CDA) has been seen making extensive efforts to launch the most up to date art housing societies there. The real estate market in Islamabad has been accomplishing many new heights. Farm Houses market is also growing for overseas. Checkout Farm House for Sale in Islamabad Capital Territory. These are some of the most prospective real estate projects in Islamabad; Blue World City, Gulberg Residencia, Khanial Homes, DHA Islamabad, Green Oaks, Gulberg Greens Capital Smart City, and Bahria Enclave.

In the latest time, there have been seen some of the changes in the property purchasing ban. These changes have opened a new way for foreign Pakistanis to invest their money in the country without threat of an examination by the FBR. As we all know that a few time back this was not the case when the ban was forced for the first time. 

Conclusion

So, our Real estate agents and fellow citizens, these are all of the real estate market trends for 2020. Seeing all of the changes, prosperity, and few of the let downs, we can conclude this by saying that we can look forward leading to inflation in Pakistan’s real estate market for the upcoming years.