Investment In Real Estate Returns You In Any Way!
It’s a mirage that property prices have strongly affected by inflation in Pakistan. House prices increased by 5.05% nationwide, with the price of PKR 10,875 in 2019. Housing properties, however, adjusted with 3.98%.
According to Trading Economics, inflation of Pakistan raised by 12.55 percent in September but gradually dropped off to 11.08% in October 2019. US$ has lost around 25% in the last two years and has fallen from 104.804 to 139.177. However, last year central government bank of Pakistan devalued its currency several times in response to bailout from MIF for the rise of current account and fiscal deficit. In October, however, the dollar has reached PKR156.27.
How the devaluation of currency created space for foreign investors?
With the increase in dollars and devaluation of the currency, housing prices in Pakistan also seem cheaper from an international investment perspective. Therefore, overseas Pakistanis now have the opportunity to buy inexpensive homes here.
Investment opportunities for the residence of Pakistan
As far as Pakistani residential are concerned, they can invest in property for making it a rental product. This method of buying high rental properties can be a verdict of revenue generation for the Pakistanis. The revenue from rental properties of the metropolitan cities roughly produces 5% to 7% income to the economy. This is the reason that you may invest 25% to 30% of your income in real estate which will not only benefit Pakistan’s economy but will also be generating revenue for you.
High potential area
People have the opportunity to invest in the high profile lands, too, such as Bahria Town Karachi and DHA City Karachi. These areas provide you with an opportunity to invest in residential or commercial housing schemes. With this opportunity, you can get a high return when you rent it out or sell it after a certain period.
Under-priced and stagnantly growing pricing areas
The best opportunity you can get from the increasing or decreasing prices of the plots is the area where you can invest in the under-priced plots or constructed houses. The specialty of these areas is that the price here is lower than the surroundings. Moreover, there is a stagnant but growth of 25% to 40% is expected in this location. You may get a rise of 50% which is usually exceptional.
Hence, there are different opportunities for the local as well as foreigner Pakistanis to invest in the projects according to their affordability. However, you will be getting a return with this investment.