IDEAL LOCATIONS FOR RENTING
IDEAL LOCATIONS FOR RENTING
Pakistan’s real estate sector attracts the attention of millions of Pakistanis throughout the country and abroad. Secure, timely and stable investment returns make this sector one of Pakistan’s most profitable industries. Operating in this business is definitely not a cake.
Purchasing property for rent a property is income generating type of real estate investment, in the form of an apartment, house or business property. You just have to relax and enjoy the monthly income while also rising the property value constantly.
Due to the political situation in the country, the industry as a whole is affected. Real estate is one of them. Pakistan’s real estate, which showed a strong start from 2012 to 2016, has fallen victim to slowdown in recent months. Sales of homes have declined, which means that homes are long listed in the market. Investors are not investing in real estate business.
Nonetheless, rental prospects in Pakistan remain strong. Although the main tenants consist of graduates, metropolitan families and young couples have increased their lives in urban cities throughout the world. Here are our options for Pakistan’s top three locations:
Although on the back of political rallies, the capital city remains Pakistan’s largest real estate attraction. The city’s expansion plan performed very well, and new housing projects like the Bahria Town and DHA Overseas are rapidly being implemented. All government ministries and organizations are in Islamabad. Islamabad is also the hub of higher education and small and medium-sized companies in Pakistan and is therefore growing young people renting apartments and condos. People from Northern hilly areas are shifting to twin cities due to the cold weather conditions of these areas. Bhara Kahu is the most financially viable area of Islamabad. This city is also famous for its new societies like Bahria Enclave, DHA, Capital Smart City, etc.
Lahore is still becoming the number one destination for couples, families, and graduates. The new Metro network links the whole city and makes the main attractions more accessible. Lahore has a very good rental market for rentals with the emergence of new and renowned housing schemes. That said, the average rates are very small and rise only with the passage of time for apartments, condos, and houses. There is therefore a better bet to get one sooner rather than later if you want to move into a rental home in DHA Lahore.
Political instability and violence have long plagued Karachi, but now things have been regulated more. It is virtually impossible to find no rental because Karachi is one of the most populous cities in the world. You also need to choose your rental locations carefully in a town with such a diverse population. For example, DHA, Clifton and Askaria apartments would suit your needs if you’re looking for a top-class rental to move into with your family or other significant people. You will find many around Gulshan-e-Iqbal and North Nazimabad if you’re a student, however; you want to go for a budget rental.
Qazi Investments is a sales partner of Capital Smart City, Islamabad. Visit our website: https://qaziinvestments.com