August 12, 2015

Pakistan’s Real Estate Sector in 2015

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We are sight months into 2015, and as indicated by the specialists, the year has been a promising one for Pakistan’s land segment subsequent to the quantity of property exchanges that have occurred so far has expanded by 10 to 15% when contrasted with the earlier year.

Here are a percentage of the patterns that the real estate sector has seen in this way:

Residential Property.

  • Demand for residential property (including apartments, houses and town houses) increased by five to 20%.
  • Demand for vacant plots increased by 10 to 30%.
  • Demand for rental property increased by nearly 40%.
  • Property prices increased by five to 10% in Islamabad; 15 to 20 % in Karachi; and 5 to 15% in Lahore.
  • Rental prices increased by 15 to 20% in Islamabad; 15 to 30% in Karachi; and 10 to 15% in Lahore.

Commercial Property.

  • Demand for commercial property (including office space and retail space in commercial buildings, as well as standalone shops) increased by 10 to 25%.
  • Demand for vacant plots increased by 10 to 15%.
  • Demand for rental property increased by nearly 30%.
  • Property prices increased by 20 to 30% in Islamabad; 15 to 35%in Karachi; and 12 to 20% in Lahore.
  • Rental rates increased by 12 to 15% in Islamabad and Lahore, and 10 to 15% in Karachi.

General.

  • Construction expenses expanded by almost eight percent.
  • The path in which Capital Gain Tax (CGT) (a rate of the increment in the estimation of the property in a given period) is resolved was amended in the 2015-2016 Federal Budget in the accompanying was:

8888

(CGT is forced on private and business property proprietors who are exchanging property and is payable at the season of offering a property.)


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One Comment on "Pakistan’s Real Estate Sector in 2015"

  1. iqra razzaq July 30, 2016 Reply

    what is the amount of property of Pakistan in 20012 to 2016?

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