The report released by Lamudi provides a comprehensive Pakistan’s property sector and focuses on a series of online surveys of both real estate agents and customers as well as interviews property experts’ data.
The research examines the change in estate trends in 2014-15, the online property-hunting trends, changes in real estate prices, the renting vs. buying patterns of Pakistani sustainable of demand rising change in oil prices on Pakistan’s real estate sector and much more.
The first survey of real estate agents examines the progress of Pakistan’s property market, the shift from offline to online medium and their outlook for 2016. According to Agents Survey, 78 percent believe that the outlook for Pakistan real estate is positive.
The customer survey predominantly focused on the house-hunting habits among property buyers and renters, along with their preference for sustainable houses, buying vs. renting. According to customers survey, more than 50 percent of respondents preferred to buy a house or an apartment over renting one.
Moreover, 36 percent of them think that sustainable features in a home are extremely important. Country Director of Lamudi Pakistan, Saad Arshed on Tuesday said he agreed with overall positive outlook. Looking at our own pricing data as well as reports from agents around the country, the market is full of investment opportunities as Gwadar is great example of investment hot spots right now.
Other indicators that the Pakistan real estate market is growing in a positive direction are the improved security situation in the country leading to increased foreign interest and investment, which can be seen in projects such as the China and Pakistan Economic Corridor (CPEC) and Turkemanistan-Afghanistan-Pakistan-India (TAPI) pipeline.
The report also covers an in-depth interview with Mazhar Raja, President of Association of Real Estate Agents.