Pakistan is currently going through the post coronavirus phases where the lockdown is now heading towards an end. With this in the pipeline, real estate investors want to know whether it is the right time to invest in Lahore, Pakistan? Undoubtedly, not just in Lahore but many real estate investment opportunities have been seen in other cities of Pakistan.
The real estate industry in Pakistan was at its finest highs until 2018 but then government restrictions were imposed. These policies have restricted Pakistani non-filers from investing more than 5 million unless they get themselves registered with FBR. Indeed, this affected the growth of the real-estate sector and acted as a barrier for foreign investment.
The real estate sector was, nonetheless, surviving through the odds when COVID-19 pandemic hit the world. The situation later, however, became worse due to shutting down of businesses and a six months long lockdown that was imposed by the government. With this and more, the real estate sector alongside other major sectors of the state suffered a loss. Thus, the chain of demand and supply was interrupted as people were out of money to invest. The property sellers were nowhere interested in selling properties and similarly, buyers were not to be found.
The good news, however, is that Pakistan as well as the world is now becoming used to the new normal. Likewise, are people now heading out opening their businesses the usual way. This means that the chain of demand and supply is slowly gaining its pace and we shall soon see things getting better.
Similarly, the real estate sector suffered in the hands of low prices and lack of investment. But now as we are moving towards normal, the prices of property are expected to rise yet again. Thus, it is evident that investing at this moment will open you up to profits in future.
In Pakistan, especially in Lahore, we are now witnessing a new trend in the rise of property demand as well as its value. Consequently, affordable housing schemes are a new buzz in the town. Projects like Al Ghani Garden Phase III in Lahore are allowing people to book a plot at just 30% value as a down payment with a convenient instalment plan. Such projects are a great way to invest in the real estate sector at ease. With such affordable approved housing schemes on the list, this is surely the right time to invest in Pakistan.
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The real estate sector of Pakistan is now heading towards another glorious phase. With the world getting used to the new normal, investors are also gaining pace at investing money in the real estate sector. Consequently, this points towards the growing demand for property sale and purchase in the upcoming years. This means that it is not just the right time to invest in Lahore but also in other cities of Pakistan.