Real Estate Forecast in Pakistan

March 5, 2024

As the political aspects are now settling down as the announcement of the next Prime Minister of Pakistan, the economy of Pakistan will stabilize now. Political Instability put a lot of pressure on every sector of the country. The same is the case with real estate. Real Estate works like the stock market. When the overall economy is doing great, real estate also stabilizes and vice versa. As there was a lot of political instability, in 2023, people who invested in Real estate could not get profits like estimated. People who have invested in this time period had to suffer as the market was not booming.

Every investment sector in Pakistan has faced a downward trend as the Dollar to Rupee conversion rate has changed. Whether it is gold, dollar rate has also dropped, and stock market also dropped and then went up. When all these sectors are doing well, real estate properties also gain from it.

Current situation and its benefits

Currently, the prices of real estate are not very high. Investors who are forecasting future know that after every recession, there is a boom in prices. Every market works on this principle. Real estate investors are currently investing as much as possible as there is a depression right now. As the real estate will boom a little, then it is expected that prices will increase and investors will enjoy premium benefits.

The investment will increase, both from local and foreign investors. Currently, the developers are offering different ways in which the investors can be catered, despite the high inflation rates. So, overall the prices of the properties will increase after elections. Investors who were waiting to invest after elections should invest as soon as possible as the prices will increase after it. When investors will invest now, after the price increase the rates of their properties will also increase.

Future Trends Based on History

Predicting real estate trends for a specific country like Pakistan involves considering various factors such as economic indicators, government policies, population growth, urbanization rates, and investor sentiment. While predicting the future of real estate, we have to discuss the following trends that can influence the real estate market in Pakistan:

Urbanization

Pakistan has a rapidly growing urban population, leading to increased demand for residential and commercial properties, especially in major cities like Karachi, Lahore, and Islamabad. New residential societies are being launched. It is not possible if there is no demand for residential societies. If we look at the increasing number of residential societies and new highways, we can expect a better and brighter real estate forecast.

Infrastructure Development

Government initiatives to improve infrastructure, such as transportation networks and utilities, can positively impact property values in areas benefiting from these developments. One example is Ring Road Lahore. As the population and demand for residential societies are increasing, the need for better access is also increasing. The government is offering different projects like Ring Road Lahore so that people can easily travel to and from different parts of the city.

Economic Stability

Economic stability and growth can encourage investment in real estate. Factors such as GDP growth, inflation rates, and employment levels can affect the purchasing power of consumers and investors. As the dollar rate has decreased a little, economic stability is the next step. Control of inflation will be a great step for real estate, as people will have more to invest in real estate.

Interest Rates

Fluctuations in interest rates affect mortgage affordability and investor financing costs, thereby influencing property demand and prices. Currently, the interest rate is fluctuating around 22%. If this rate is lowered by the government, investment will be much easier.

Benefit from Real Estate in 2024

Many new projects are under development or soon to be launched by Bahria Town and with collaboration with other developers. All these projects are facing huge demand in each category, whether residential or commercial. Seeing this huge demand, it can be noticed that people who have a little saved up amount want to invest in a good real estate project to benefit it from at a later date in the future.

Benefiting from future real estate projects involves strategic planning, thorough research, and a willingness to take calculated risks. Here are some steps you can consider:

Market Research

Stay informed about upcoming real estate projects in your target area. It includes understanding the demand-supply dynamics, projected growth trends, and demographic shifts that could impact the market.

Identify Growth Areas

Focus on regions or neighborhoods with high growth potential. Look for areas undergoing infrastructure development, urbanization, or revitalization projects that can boost property values in the future.

After assessing the whole situation, it can be considered that investors should invest as soon as possible as the rates are low. If these rates increase even by a fraction, then it will be a very huge jump in prices.

For a more accurate forecast, it’s important to consult real estate experts and analysts who have access to up-to-date data and insights specific to Pakistan’s market conditions. Pakistan Property services have a long history of successful future forecasting and many investors and our clients have benefited by investing on our suggestion.

You can contact Pakistan Property Services to book any property. 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:

Bahria Town Lahore
Bahria Orchard Lahore
Bahria Nasheman Lahore
Bahria EMC (Bahria Education and Medical City)
Bahria Town Karachi
DHA’s in all cities of Pakistan

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:

Bahria Town 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:

Bahria Town Peshawar
Citi Housing 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.