The Rise of Luxury Property in Pakistan
The growing trend in modern, luxury high-rise buildings offers residents a lifestyle at par with the best developments across the globe.
Over the past decade, the property market has established itself as the most lucrative sector of Pakistan. The growing trend in modern, luxury high-rise buildings offers residents a lifestyle at par with the best developments across the globe.
Exponential growth in major cities, such as Lahore, Islamabad and Karachi, has flooded the market with local and foreign capital. As a result, the luxury property market has witnessed a boom with several innovative projects starting to take form.
Most of these projects guarantee significant gains for investors within the short span of only three to four years. It’s no wonder that foreign investors are increasingly looking to add Pakistani real estate to their portfolio.
Unsurprisingly, Pakistan’s real estate market contributes significantly to the country’s growth. Here are some facts with regards to Pakistan’s booming real estate sector.
To mitigate the financial impact of the COVID-19 pandemic, the government of Pakistan has slashed interest rates and introduced key incentives for investors and businessmen alike, leading to the rapid development of several cost-effective real estate projects.