Factors Affecting Real Estate Property Prices

Factors Affecting Real Estate Property prices

Real Estate Property Prices are increasing day by day in Pakistan. The investors invest in the real estate properties to reap the benefits of increasing real estate property prices. But to understand how the real estate property prices increase, keep reading this blog. This blog focuses on the factors affecting real estate property prices in Pakistan, both in residential and commercial sector.

Factors Affecting Real Estate Property Prices:

There are many factors affecting the real estate property prices but only a few major factors are discussed below.

  • Demand and Supply Factors
  • Location and surroundings
  • Payment plan
  • Amenities and facilities
  • Rate of development

Let’s discuss these factors one by one.

Location and surroundings:

The most important feature that is looked after is location of the property while investing. The easy access to different areas is made sure so that residence here is easier. The more good the location will be the prices of the properties will increase with a great pace.

Daily Updated Bahria Town Karachi Rates – Updated Prices of Bahria Town Karachi

The properties with facilities nearby, such as schools, mosque, water filtration plants, commercial shops, hospital, fuel stations, offices, etc. are more preferred over properties with no facilities nearby. The environment also matters in case of investment in residential properties.

So, better location and surrounding can increase the real estate property prices.

Payment plan

In the world of today, where the common public are finding difficult to make both ends meet, also is lower the rate of investment as there is no or less saving than before. The societies that are offering flexible payment plans are reaping the benefits of increasing prices than the societies offering properties on rigid payment plans.

So, payment plan can also be considered a factor affecting the real estate property prices.

Amenities and facilities:

The societies with more amenities and facilities are more preferred over the societies with no or less number of properties. Investors cannot gain high profits or rental income as the demand by the people is quite low.

Daily Updated Bahria Orchard Lahore Rates – Updated Prices of Bahria Orchard Lahore

Today, amenities and facilities in a society should be from basic to luxurious level, from the availability of electricity, gas, water, sewerage to the modern infrastructure, high rise building, parks, international standards hospital and schools etc.

So, amenities and facilities can also be considered a factor affecting the real estate property prices.

Rate of development

Rate of development of the property and society affects the prices a lot. The investors find that whether the properties will be developed on time by looking at the previous development rate of the developers. Ideally, the land for residential or commercial plots should be developed with all the facilities under one year time period. This type of properties will provide huge gains and returns. But if it is taking more than 6-7 years for basic development than the prices will not increase quickly.

Demand and Supply Factors

If we conclude all the factors, all the factors help in creating the demand of a property and society. If the demand increases, the price will also increase of that property. The limited number of properties can also help gain huge profits in a small time if many investors want to invest in a same property.

As the new real estate societies are developing around big and metropolitan cities, the supply is high and the prices are low. People are more attracted to low priced properties. The increase in low priced properties then increase their prices.

So, the demand and supply of properties is an important factor affecting the real estate property prices.

To know more about the real estate properties, keep reading https://pakistanpropertyservices.com.pk/latest-news.html/ where we regularly update the latest news about real estate sector in Pakistan. For more information, contact Pakistan Property Services. We provide you better consultations for your real estate matters regarding Bahria Town projects being the authorized dealers. For further information, you can also visit our YouTube channel where we update regularly to get to know about the new trends in real estate market of Pakistan.

Projects We Deal in:

Many residential and commercial societies in Pakistan are evaluated carefully to help our clients make the better decision. Pakistan Property Services helps the clients invest in projects with good prospects that depend upon the parent company, developers, location, payment plan, amenities they can have in the desired project.

Lahore:

Lahore is the cultural and economic hub as well as the provincial capital of Punjab. The city is well known for its huge economic opportunities in different sectors. People come from different areas to grab these opportunities and have a residence here. Below the list of some of the top Projects in Lahore:

Karachi:

Bahria Town Karachi is a benchmark within the landscape of Karachi with its world-class excellent-planned society. This society is sketched with an area concept to supply outstanding lifestyle facilities to its residents and can introduce new benchmarks of community development in Karachi. Below the list of some of the top Projects in Karachi:

Islamabad:

Islamabad is nestled against the backdrop of the Margalla Hills. It is a modern, planned city with wide tree lined streets, large houses, elegant public buildings and well-organized bazaars. It is however; always under construction to improve transportation or develop new housing areas for its growing population. The walkways are shaded, safe, and separated from the traffic by rows of flame trees, jacaranda and hibiscus. Roses, jasmine and bougainvillea fill the parks, and scenic viewpoints show the city to its advantage. Below the list of some of the top Projects in Islamabad:

Rawalpindi:

Rawalpindi is an important administrative, commercial, and industrial centre. Its industries include locomotive works, gasworks, an oil refinery, sawmills, an iron foundry, a brewery, and cotton, hosiery, and textile mills; it also produces shoes, leather goods, pottery, newsprint, and tents. Below the list of some of the top Projects in Rawalpindi:

Faisalabad:

Faisalabad, formerly known as Lyallpur named after the founder of the city is the third-most-populous city in Pakistan after Karachi and Lahore respectively, and the second-largest in the eastern province of Punjab. Below the list of some of the top Projects in Faisalabad:

Gujranwala:

Gujranwala is a city and capital of Gujranwala Division located in Punjab, Pakistan. It is also known as “City of Wrestlers” and is quite famous for its food. The city is Pakistan’s 5th most-populous metropolitan area, as well as 5th most populous city proper. Below the list of some of the top Projects in Gujranwala:

Multan:

Multan is city of Saints, it is best place to live if you belong to either middle class family, rich family or a poor family. The city is now develop city of Pakistan you can get every life facility here easily at low cast. Multan’s foods are very delicious especially mangoes of Multan are world famous. Below the list of some of the top Projects in Multan:

Bahawalpur:

Bahawalpur lies in the heart of South Punjab and is filled with stories that surround the legacies of Kings, Nawabs and their extravagant lifestyles. Below the list of some of the top Projects in Bahawalpur:

Peshawar:

Peshawar is the capital of the Khyber Pakhtunkhwa province of Pakistan. It is the biggest city of Khyber Pakhtunkhwa and is a relatively prosperous city. It is also a cultural and economic hub of Khyber Pakhtunkhwa. The city is famous for its food and tourism as it is one of the oldest cities of Pakistan with a recorded history that dates back to 539 BC. Below the list of some of the top Projects in Peshawar:

Gwadar:

Gwadar, town and seaport, southwestern Balochistan province, southwestern Pakistan. Located on the sandy Nuh headland that juts southward into the Arabian Sea, the town is an important fishing (sardines and sharks) and trade centre. Below the list of some of the top Projects in Gwadar:

Suggestions:

We can see that the Pakistan Real Estate Forecast 2021 suggests investing more in this market as it promises a huge profit in the coming future. The investors should purchase the properties at a low rate so that they can earn more by selling it once the rates are good enough.

Related Cool Links:

Maps of Societies and Projects in Pakistan:

Maps are the only source to view online high resolution 24 hours updated maps of Housing Societies, Schemes, Towns, Villas and Homes in all over Pakistan. Below the list of maps of some of the top Projects in Pakistan:

Increase Property Value:

Multiple studies have shown that homes with solar systems are valued and sold at prices above similar homes in their area. Early studies focused on established solar markets found that home values increase by four percent or more when homes are equipped with solar panels.

How Does Solar Power Increase Your Home’s Value?

Installing solar system in a home not only helps to reduce current monthly utility bills; it can potentially increase the home’s value by up to 4.1% more than comparable homes with no solar system.

Join The Discussion

Compare listings

Compare