Pakistan's real estate sector is concerned it is in a phase of |
Different phases of history have developments in different sectors of economy. It all is explained in complex theories of economics. Usually the macro and micro policies of Govt are the most effective tools to influence these economic changes. Along with them socio economic conditions of country, international trends, country's growth rates and many other are influencing it. As for Pakistan's real estate sector is concerned it is in a phase of tremendous growth due to many international, national trends. Above all the increase of foreign investment in Pakistan's various sectors and Govt policies to encourage the private sector along with many other policies has positively influenced the real estate business in Pakistan.
rise in demand and price of property |
Real estate business got one after another reason for development in recent years. Though sad but 9/11 caused the insecurity among overseas Pakistani es due to which a reverse flight of capital occurred first time in Pakistan, major portion of it was invested to real estate here. Reduction of markup rate again was major cause of flight of capital from banks towards property business. As the property is almost tax free and it is again easy to camouflage the black money, investment in property increased as the fear of NAB raised. All these factors caused an unnatural rise in demand and price of property which is no way the actual and desired thing.
quality of products and services in real estate is increasing |
Among these all reasons the Govt policies in recent years increased the foreign investment in Pakistan. This foreign investment has positively influenced property business and development of Gawader is again a very positively influencing factor on property business. Due to these positive changes along with different micro and macro policies of Govt has started a new era in real estate business. The hype in property sector due to some mishap es leaded us to a boom of permanent nature, flourishing our economy. The increased investment in real estate is helping to rise the construction and building which again opens many prosperous gates to different industries and services. As the quality of products and services in real estate is increasing and a healthy competition is emerging among developers it is expected that high quality and competitive priced real estate products are now available.
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