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When we consider the performance of the real estate market in comparison with the overall economic condition of the country, it shows significant difference and is performing excellently since the start of the last decade.
When we consider the performance of the real estate market in comparison with the overall economic condition of the country, it shows significant difference and is performing excellently since the start of the last decade.
The investors took the initiative in the start of the 21st century to invest in real estate when the overall condition of the economy was not good. This step gave a boom to this industry and people found exceptional results. With the passage of time, there is a decline, but overall, there is still a juice in it.
Due to government’s new policy, there is some slowness in the market, but still, there is a great potential in this market and now with the intervention of government in the sector, the chances of foreign investment also have increased as government’s liberalized investment policy has made this part a heaven on earth.
The reality is that there are numerous factors behind this development in which the slow generation of profits in other sectors, the high inflation rate and the uncertain economic condition of Pakistan due to which the people were reluctant in investment in Pakistan. The situation has been improved marginally when we study the economic figures presented by the government of Pakistan and international financial journals.
With the introduction of China-Pakistan Economic Corridor, the trust of the investors has multiplied and they are investing more frequently so we are experiencing a great hustle and bustle in all the sectors of Pakistan. The real estate sector is already in a stable mode, although the implementation of new policy created some issues for the real estate dealers and investors, but now, the situation is becoming normal and therefore, we are monitoring some movement in the small societies of Lahore, Karachi and Islamabad where there is an opportunity to get a plot in installments.
As some opportunities have opened in the small societies and Gwadar and along with that, we are forecasting the interest of foreign investment in the real estate sector, there is a great chance of another boom in this market. If you are an investor and wants to jump into this business, some great chances are ahead and you can avail this opportunity by taking a right decision at a right time and time has been started now.
Ali Rathore is a real estate professional with more than 15 years of expertise. He has worked with customers in a range of industries, including real estate for residential, commercial, and industrial purposes. He is quite knowledgeable about investment techniques, market trends, property management rules, and real estate legislation. When it comes to buying, selling, or investing in real estate, he wants to assist readers make informed decisions by sharing his knowledge.
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2 Comments on Is Real Estate Market in Pakistan Flourishing?
Right know there are not only small housing projects in Gwadar there are also very huge housing projects in Gwadar like Kings Park Gwadar. There are less with approved GDA NOC.
To conclude, we can say that the concept of home decoration with the help of experts is a new one, but we can say that with a small effort, people will be getting into it and the observation is that the interior designing and home décor business will be flourished in the next few years.