PROPERTY INVESTMENT IN LAHORE HAS ALWAYS BEEN A LUCRATIVE BUSINESS OPPORTUNITY
Real estate in Pakistan has always been a lucrative business. Many people invest in real estate when they want to own a house. Most of the time with the intention of making a profit later. Given this trend, many people have started investing in plots as well.
Some are buying these plots or houses for sale in order to live there in the future. Many others buy them as a long-term investment opportunity. More and more investors are taking part in real estate investments in Lahore in order to make a profitable return.
However, not all investors invest wisely in the property. If you want to invest in property in Lahore, here’s what you need to know:
INVESTORS BUY PLOTS OF LAND FOR RESALE:
Whether residential or commercial, every plot of land has become a hot asset. It promises high returns when sold in the future. For this reason, investors from within and outside Pakistan are looking for opportunities. To buy plots at a cheap price and sell them at an inflated price when the value will increase over time.
The value of land never decreases. If you have an opportunity to buy land at a reasonable price, you should take it. Over the last few years, land prices in Lahore have increased. This is because people are investing in plots of land that they intend to sell in the future.
According to real estate agencies, investors are making good profits by selling their plots after a few years when prices rose sharply. This means that your investment today at reasonable prices will yield a good return in the future. When you decide to sell your plot in the future.
NEW PROJECTS ARE LAUNCHED IN LAHORE
As the real estate sector is booming, so are the opportunities for investors. According to a recent study, more than 25% of Pakistan’s total working population is employed in this sector. In view of the growing demand for housing and commercial space in Lahore, new projects are being launched to offer residential and commercial plots for sale or ownership. These projects range from small plots of 3 Marla to residential plots of 1 Kanal and 2 Kanals or sometimes houses, which are sold for simple monthly installments. These 3–5-year payments help our middle-class working people to own their homes within 3-5 years.
This was back in 2018 when the real estate sector was affected by inflation. Developers and investors started facing a lot of problems, due to which they had to put their projects on hold. Projects that were already underway had to face many problems and their completion dates had to be postponed. Even buyers were reluctant to invest in real estate in Lahore because they felt that this was not the right time for such investments.
Prices were rising higher and higher and all developers, as well as construction companies, were finding it difficult to keep up. However, these days the situation has started to change and many new projects are being launched in Lahore in 2022-2023, which shows that people have started to trust the sector again.
RENTAL INCOME IN LAHORE IS GROWING RAPIDLY:
Analyzing the real estate market in Lahore and its growth, it is clear that current trends are attractive for both investors and landlords. As mentioned above, property prices and rental incomes are rising rapidly in some areas of Lahore. The average rental yield in Lahore is 8-10% per annum.
In addition, the demand for rental units in Lahore is huge. According to the Naya Pakistan Housing Scheme, about 125 million people live in the country’s cities and only 7 million units are available for rent. It is estimated that to meet this shortfall, about 3 million houses will have to be built in the next 5 years just to meet the demand for rental housing in urban areas.
Consequently, investing in real estate in Lahore can be a lucrative business venture if you have sufficient funds to buy a property or several properties. In addition, investing in real estate will also provide you with financial stability as you can generate a passive source of income from your investments.
CONCLUSION!
In summary, Lahore is one of the hottest real estate markets in Pakistan right now. With the improving economic conditions and the government taking steps to boost the real estate sector, Lahore has become a very lucrative market for real estate investors. There is no doubt that the real estate market in Lahore is booming. If you want to invest in Lahore real estate market, you can buy houses for sale, plots or any other commercial property in Lahore.
