Analysts Predict Another Year of Growth for Pakistan’s Property Market in 2023
Many new and exciting projects are set to launch this year in major cities like Lahore and Islamabad.
Experts predict that 2023 will be another year of growth for Pakistan’s real estate sector. Many new and exciting projects are set to launch this year in major cities like Lahore and Islamabad. The government also intends to play a key role in the growth and development of the property market by introducing new plans and policies to eliminate hurdles and maximize returns for investors.
As an emerging economy, there is a growing need for residential, commercial, and industrial real estate in Pakistan. Several well-known builders and developers have come forward and taken up the charge of filling this gap in Pakistan’s real estate market, attracting local and international investors. In fact, most foreign remittances, national savings, and sometimes even institutional investments are channeled into real estate, as it offers high returns.
Here are some key factors influencing the growth of the real estate market in Pakistan:
Investing in real estate appears to be the most profitable economic activity in Pakistan. Therefore, the country’s real estate sector is always on the radar of investors, whether they are local or overseas Pakistanis. It also contributes significantly to the economic growth and stability of the country by creating employment opportunities and demand for financial services. Real estate investment also ensures that, in addition to accumulating significant profits, you acquire a physical asset of your own in a safe, secure, and risk-free manner.