The trends of any market decide its future directions, the same is the case with the property market. While being considered one of the safest ways to invest your money, every person in Pakistan seeks to acquire a property, whether commercial or residential. You can’t step into a market without having know-how about its trends. So, to make it easy for you, we present to you the top trends of the Real estate market of Pakistan.
- Easy installments
- Low-cost housing
- House financing
- Residential buildings
Easy Installments:
Pakistan is a developing country with a huge chunk of the population being working class. Most of the people in Pakistan are unable to buy a property by paying a huge lump sum amount. Therefore, almost all the housing schemes offer payment plans that include easy installments under a certain period. This provides ease to the buyer. This trend has attracted a lot of the population towards new residential and commercial areas. People find it feasible to gradually pay the price of property rather than empty their pockets at once.
If you are looking for properties with an easy installment plan, you can contact Pak Residence at www.pakresidence.com or visit any of our social media handles.
Low-cost housing:
The class difference among the people suggests that not everyone has the purchasing power to buy a shelter for themselves and their family. The low-income class suffers all its life with a dream to buy a house of their own. The rising prices started to make properties even more out of reach. This created a shortage of housing units which needed to be resolved. To deal with this problem, Prime Minister, Mr. Imran Khan launched Naya Pakistan Housing Project.
NPHP is a project launched to provide to all the people from low-income and the working class at the lowest possible rates. It is also working on the development of rural and suburban areas. Intending to construct 500,000 houses, Naya Pakistan Housing Project aims to facilitate a legal shelter for the homeless and empower the economy through it.
Kingdom Valley is one of the projects Pak Residence deals in. Naya Pakistan has collaborated with Kingdom Valley for the construction of low-cost hybrid homes on the 20% of land specified for this purpose. Visit www.pakresidence.com for more.
House financing:
To overcome the housing units’ shortage in Pakistan, the government has started promoting the facility of House Financing. It has launched a house financing project under the name of Mera Pakistan Mera Ghar. MPMG is providing the options of loans, leases, and mortgages, available in both conventional and Islamic modes. The minimum amount of loan you get through MPMG is Rs. 10,00,000.
A lot of people recently opted for house financing as they can make their house purchasing harmonious this way. Many banks are offering house financing and house leasing to their clients.
Residential Buildings:
The demographic data shows that the population of Pakistan has been constantly increasing over the years and it’ll continue to do so. There are not sufficient housing units as compared to the population of our country. The data also suggests that soon there will be a time when there will be no land left to construct a new city or a housing project to accommodate more Pakistanis. To prevent this situation, the trend of constructing residential skyscrapers has been very hot for the past few years.
Pakistan has now become a home to a lot of tall buildings. While most of them are located in Karachi, many sky-touching buildings have been built in Lahore and Islamabad as well. Such Buildings can put up many residents at once while covering lesser land. Many housing societies are offering residential and commercial apartments at amazing prices. If you are looking for one, Pak Residence can be your perfect guide. For queries, you can email us at info@pakresidence.com or visit our website.
