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How will the Real Estate Market Perform in the Next Year? Current Real Estate Market Situation in 2024

How will the Real Estate Market Perform in the Next Year Current Real Estate Market Situation in 2024(1)

In 2024, Lahore’s real estate market is marked by opportunities and volatility. The city’s property market is shaped by urban expansion, government-backed infrastructure projects, and increasing demand for residential and commercial spaces. Despite its growth, Lahore’s real estate sector faces several challenges. The rising costs of construction materials have driven property prices up, reducing the number of potential buyers.

So, in this article, let’s discuss the key trends shaping the real estate market in Pakistan. According to the current real estate market and situation, we will discuss where should you invest and the real estate market challenges.

The COVID-19 pandemic has left an indelible mark on the real estate industry, reshaping market dynamics and consumer preferences. If we check the history of the previous 10 years the economy of Pakistan. If there is certainty in the economy and stability in the rupee value, then the real estate market will be positively impacted.  But there is no stability in our economy and rupee value and this is the reason for the increase in inflation. Inflationary pressures have driven up the costs of raw materials such as cement, steel, and labour. This increase in construction expenses is the reason for higher prices for new housing units, impacting affordability, especially for middle-income buyers. Right now, construction costs in Bahria Town, Bahria Orchard and Lake City are almost the same but investors and end users can save money by purchasing the plot.

The demand for affordable housing has encouraged developers to explore smaller housing units or projects on the city’s outskirts. These areas provide relatively lower-priced options, with regions like Raiwind Road and Ferozepur Road gaining attention. The Ring Road connects various parts of Lahore to major commercial, residential, and industrial hubs efficiently. This makes it ideal for businesses and residential developments that benefit from reduced travel time to central locations, airports, and even nearby cities.

There are many offers where prices are low in valuable communities near the ring road. We always suggest you to invest in such communities which will provide you with further best return on investment. End-user always prefer location, community environment size of plot or home, accessibility and affordability. For end-users, easy access to areas around the Ring Road means shorter commutes and better access to schools, shopping centers, hospitals, and other amenities. Areas such as parts of Bahria Town, DHA, and Lake City, have experienced significant increases in property values after the completion of the Ring Road. The recent road expansions and the Ring Road have improved accessibility to commercial hubs, retail shops and offices in areas like Gulberg and Johar Town.

Real Estate Market Trends in 2025

In 2025, investments in properties along the Lahore Ring Road are expected to remain highly attractive, with even greater growth potential due to a combination of infrastructure developments, increasing demand, and anticipated market stability. We know that Lahore’s population and infrastructure continue to grow, and properties along the Ring Road are likely to see steady appreciation. Buyers and investors will continue to prioritize properties with direct access to this important route for ease of commute and connectivity.

DHA, Bahria Town, and Lake City are expected to increase their appeal leading to further property value appreciation. Retail outlets, offices, and mixed-use developments will likely see strong demand, contributing to attractive rental yields and appreciation.

Kala Shah Kaku and Gajjumatta in Lahore are also situated on key entry and exit points to the city. Kala Shah Kaku is on the Lahore-Islamabad Motorway (M-2) and very close to the northern loop of the Ring Road. Gajjumatta is on Ferozepur Road and near the Ring Road’s Southern Loop. It is one of the last stops on Lahore’s Metro Bus route, making it highly accessible for daily commuters and increasing its appeal for both residential and commercial developments.

The trend toward smaller, affordable housing units in areas outside Lahore’s core is likely to persist. Areas such as the Lahore Smart City and New Lahore City will likely see growth, providing affordable options with modern amenities. By 2025, Lahore’s real estate market is expected to be more stabilized, with a reduced risk of price spikes. Properties along the Ring Road have sustainable infrastructure growth and will be seen as less volatile, attracting a broader range of investors.

Pakistan Property Services (PPS) keeps a close watch on Lahore’s property market, tracking trends, price changes, and upcoming projects. This helps clients make informed decisions based on the latest data. We understand each client has unique goals and offer personalized consultations to help clients choose properties aligned with their financial capacity, lifestyle preferences, or investment strategy.

You can contact Pakistan Property Services to book a residential and commercial property in Lahore. We provide better consultations for your real estate matters as the authorized dealers of Bahria Town and Etihad Town projects. For further information, you can call +92 321 111 2508 or visit our YouTube channel Pakistan Property Services, where we regularly update you to learn about the new trends in the 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:

  • Gulberg Greens Islamabad
  • Al Hafiz Grand Shopping Mall Gulberg Islamabad
  • Naval Anchorage Islamabad
  • Nexus Mall Islamabad
  • Mall of Arabia Islamabad
  • Discovery Gardens Islamabad – All You Need to Know
  • Nexus Mall Islamabad – Bahria Town Islamabad
  • Park View City Islamabad
  • Verify Land Status from Property Verification Centre 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:

  • Blue World City Rawalpindi
  • Citi Housing Rawalpindi
  • Faisal Town 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:

  • DHA 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:

  • DHA Gujranwala
  • ARY Laguna DHA 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:

  • DHA 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:

  • DHA 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:

  • Naval Anchorage Gwadar
  • Canadian City Gwadar
  • Gwadar Golf City

Suggestions:

We can see that the Pakistan Real Estate Forecast 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.

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