Pakistan property market is getting uncatchable over the time. Let’s see some facts and figures how Pakistan property market is getting up day by day.
Pakistan's property market is getting uncatchable over time. There is a proper tax system and even LDA is launching an awareness campaign regarding non-conforming use of the property. All the rules and regulations are defined and everything is running quite smooth.
Let’s see some facts and figures on how the Pakistan property market is getting up day by day.
Proper Tax System
It’s like the Pakistan property market is going to face a prominent boost in the future. All the real property buyers were expecting a settlement in taxes and seem like the government has taken a decision to improve it. People will see an exceptional tax system in 2017-18. The moderate property taxes will make the property transaction budged which means not too costly. The entire above-mentioned scenario will result from increase in the sale and purchase of the property. The stable and defined tax structure is one of the major reasons for the property market boost.
Proper Check and Balance Over Black Money
In past years, the Pakistan property market faces mega corruption cases. But all these cases are under the investigation of SC and expected to be resolved timely. After some stick actions against the black money consumption in the form of property, people are now afraid to use such tricks. Proper checks and balances over black money are some of the reasons for the property market boom in Pakistan.
High Foreign Investment
Pakistan is going to be rich in investments as the country is heading towards development. The bright scope of investment opportunities has started where Pakistani expatriates live in Middle Eastern Countries and send huge remittances. Most of the foreign investments parked in the real estate sector. Infect remittances are increasing these days due to a prominent rise in Middle Eastern Economies. High investment in the real estate sector by Pakistani expatriates is another reason for fine real estate marketing.
Better Relations With Neighboring Countries
Apart from political instability, Pakistan is in really good terms with neighboring countries such as China. There are many projects get done by both countries and chines are looking forward for a productive partnership. Pakistan and China are in a better phase in terms of imports and export. As a result of which Rupee is stable than ever before. This is a solid prove that Pakistani economy is coming ahead. The improved economy has a positive impact on the property sector as the market always in favor of the economy.
Pakistan and Real Estate Market
According to the recent reports, we are going to see rising property prices which means the competition will be so tough to meet. Asking price is expected to be increased by 20% in the coming year. The real massive tornado will arise shortly. After a change in the property sector, we will see a 35-50% price boost.
So, this was an overview of the Pakistan Property Market. Everyone should be aware of that in order to stick with some good and worth purchasing.
