Why Are Foreigners Eying Pakistan Property Sector For Investment?

Recent reports on performance of Pakistan Real Estate have revealed the stature of concrete development done in past years

. The demand of property in bigger cities of Pakistan is contributing to major activity in this sector because people from less peaceful and in some cases, less developed areas have migrated to these cities. The high potential held by this sector is the primary reason why foreigners especially those from the Middle East are eyeing Pakistan property market for investment.

UAE, the second largest investor in several economic sectors of Pakistan, has recently revealed its plans to invest in cement and steel sectors of Pakistan. Excellent relations between the two countries and availability of raw material at cheaper rates in Pakistan are the two main reasons why UAE preferences sourcing construction raw material from Pakistan. This trade is expected to trigger further development in property sectors of countries.

If we look from the perspective of individual investors, we will come to know that regional unrest in their respective realty markets is also one of the reasons why they find investment in Lahore, Islamabad and/or Karachi property an attractive option. Many foreign investors are planning to invest in Pakistan property and following are the three major reasons why they believe this sector holds great potential and ensures strong return on investment.

Stable Investment

History shows that even during worst economic times, value of property in Pakistan did not fall beyond a certain limit. Although little decline in property value during such rough times is justified yet Pakistan property does not have a history of collapsing as badly as Dubai real estate did. Despite the trembling economy of Pakistan, the great potential held by its realty sector has created a frequent demand among foreigners. Stable nature of investment in Pakistan properties lures foreigners.

High Capital Gains

It is a universal fact that real estate sectors in most parts of the world never reward investors during bad times. In such situations, investors have no other option than to sell their properties at little or no capital gain. When property sector gets in trouble, landlords face great difficulty in hunting tenants. Pakistan real estate sector is one of those sectors in the world that offered all-time high returns and capital gains on investment even during worse economic days. The housing shortfall in Pakistan plays a key role in encouraging foreigners to invest in this sector and earn high returns and capital gains.

Easy Documentation

Foreigners find Pakistan property sector quite friendly as it facilitates them by all means. Unlike other counties where property buying is a slow, lengthy and lethargic process, Pakistan has a flexible and relaxing property buying process for foreigners. Foreigner just need to submit their employment letter as a proof of source of income, copy of valid visa and passport, 6 passport size photographs and a copy of their identity card. This easy documentation accompanied with flexible procedure welcomes foreigners to buy or sell property freely in Pakistan.

Pakistan is emerging as worlds centre stage for real estate investment due to its high potential. This is the very reason why foreigners are keen to invest in Pakistans realty market.

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