Posts

Peshawar Real Estate Market Trends in 2021 , market analysis and forecast

Peshawar Real Estate Market Trends 2021

Peshawar Real Estate Market Trends 2021

Over the last few months, the Peshawar real estate market trends in 2021 have shown stable market patterns. The most popular location among plot buyers has been Regi Model Town. Hayatabad & DHA Defence are the next two. The town of flowers is presently blooming with competitive market patterns. These have resurfaced, and market activity is fast expanding in areas where significant infrastructure improvements occur. The real estate in this metropolis is improving in a variety of ways. The industry for all things real estate is making progress, thanks to new developments and growing buyer interest.

Let’s take a look at the general property market in Pakistan for 2020 and 2021 before moving on to Peshawar real estate market trends:

Real Estate Market in 2020:

For Pakistan’s housing sector, last year (2020) was indeed a game-changer. It began with a significant crash, but it concluded with a slew of rewards for everyone engaged in the industry. The amnesty policy, PM Imran Khan’s construction assistance package, and new laws for the selling and acquiring property have all had a favorable impact, mainly on the country’s real estate showing stable real estate market trends. All of the government’s packages were proven to be beneficial to Pakistan’s property market. However, since the government announced that people might build projects and residences without identifying their source of income, property costs have jumped by 20% to 30%. Property values have risen like a rocket as a result of this development relief program. But, in total, Pakistan’s real estate market had a compact year.

Real Estate Market in 2021:

Considering the political instability surrounding the country’s real estate market in 2020, we anticipate that investment growth would occur in the years ahead. Mainly when numerous projects underway across the country alter real estate prices until they are completed. The China-Pakistan Economic Corridor (CPEC) is a continuing road network that would facilitate trade between the two nations by providing a direct route from Gwadar port to China’s Xinjiang city. China and Pakistan are both involved in these projects. Once they complete the project, Chinese investments in the economy, notably in the housing sector, will expand opportunities as an increasing number of Chinese individuals desire to reside closer to their managers in Gwadar and the adjacent areas. The CPEC has the potential to attract massive foreign investment, which will stabilize the real estate market trends.

Peshawar Real Estate Market Trends:

Buyers & investors in the area are looking at both old and new developments, as per experts. We’ve noticed that both investors & buyers are active in the market, and there appears to be more active than ever before since the last elections. This is leaving a favorable aspect on the Peshawar real estate market trends. We’ve also noticed that the industry for 5-marla plots has gotten a lot of interest both for Regi Model Town & DHA areas. Individuals are buying faster than in the previous few months when there was little activity. Zone 3 has gained traction in Regi Model Town, as that has long been the chosen site for most homebuyers. Blocks A & B are surpassing others in DHA Defence, and rates have jumped by PKR 100,000-200,000.

However, some local realtors disagree, believing that DHA isn’t performing as well as Regi Model Town or Hayatabad. They feel the latter two are the most popular developments among locals, whereas DHA is drawing more international investors. When it comes to the sector for DHA Defence, the top recognized names for most purchasers and investors in Pakistan feel that the project would be successful in the long run. Costs for plot files in DHA have decreased in the last six months, but they have climbed by 25% in Hayatabad & Regi Model Town, despite the country’s overall real estate market remaining constant.

Major Developments:

Real estate is a business that relies significantly on visible progress, not just within developments but also outside of them. Peshawar real estate market is experiencing significant infrastructural changes that will transform city life as we see it. The property market is likely to rise sharply as a result of these developments. Experts forecast that the Ring Road development will be completed in 1-2 years, at which point we expect Regi Model Town property prices to surge. The Northern Bypass of the freeway is also adjacent to Regi Model Town, as well as the two major highways of the city will give inhabitants the best access.

People will eventually gravitate towards this property if there is more visible growth in DHA, which will positively impact the property market of Peshawar. However, just files are now being swapped, and it will be some time before they fully finalize things, making it difficult for agents & developers to estimate how long it will take. Because of this fresh surge of optimism, Peshawar’s real estate market has gained momentum, and real estate specialists think that the market will be flooded with more investors and purchasers in the following weeks.

Conclusion:

Peshawar’s real estate market trends are looking excellent. Local and international investors show involvement in the Pakistani property market. Numerous residential and industrial complexes are springing up throughout the country, providing exceptional investment prospects. These properties are legal, and several of them have repayment arrangements that are appealing to investors.

We at Estateland Marketing have loads of related blogs on market trends of Pakistan and other major cities, don’t forget to check our blogs section.

Share this:
Islamabad Real Estate Market trends & Analysis in 2021

Islamabad Real Estate Market trends & Analysis 2021

Islamabad Real Estate Market trends & Analysis

Real estate offers both more prominent and less steady profits than other assets. Property is developed because a group of individuals sees a large enough population justify it. A booming real estate market is shown by the complete series of innovative properties added each year. Demand drives sales, and demand continues to climb. Residents have almost certainly never decreased, which explains why housing demand continues to rise year after year. Aside from the bleak and tragic view of recent years, there is reason to believe that the real estate market in Islamabad will have a lot to look forward to in 2021.

This lovely and rich city is known for its pleasant weather. This is a landscape of possibility, reliability, and accessibility. In a time when the city’s population has exploded, the town presents fantastic investment opportunities. It’s one of the top places to invest in the following years. We can use the elements discussed in this article to assess Islamabad real estate market trends and analysis 2021.

Before we get into the current year’s market trends, let’s take a look back at the previous year’s:

Islamabad Real Estate Market in 2020

The Islamabad property displayed significant differences in property purchase trends in 2019-20. Here, investment activity remained concentrated in a few housing societies and areas of the city where rates could rise further due to continuous development work. This behavior was especially noticeable in projects with smaller property units with Federal Board of Revenue (FBR) assessment rates (notified for tax collection purposes) less than PKR 5 million. Developed civilizations, on the other hand, were reasonably stable due to genuine customer demand.

Furthermore, civic officials in Islamabad and Rawalpindi appeared keener to enforce building regulations, apparent infringements, update the master plans for both cities and keep the cities cleaner, greener, and more organized in accordance with Supreme Court of Pakistan directions. At the same time, announcements that they will build various new infrastructure projects shortly and the resumption of work on existing initiatives have presented investors with some compelling reasons to back specific projects and places in the city. Based on how developers, property dealers, and investors reacted to changing market conditions in 2020, it’s clear that Islamabad real estate market investors were not willing to give up.

Islamabad Real Estate Market in 2021

The real estate market in Islamabad is thriving, and real estate investment will almost certainly yield a strong return on investment (ROI) this year. It is critical to recognize that a variety of factors determines profit. Before completing an investment in Islamabad real estate market, you should constantly examine those elements. These considerations include the property’s location, condition, and price, among others.

  • CPEC

The China-Pakistan Economic Corridor (CPEC) is a collaborative economic initiative between China & Pakistan. As a result, it will eventually result in an influx of both Chinese immigrants and visitors. The greater the number of persons, the more lodging will be required. As from the standpoint of real estate, Islamabad real estate struck gold. Some housing developments have planned ahead to handle the influx of tourists, such as Blue World City, which is building landmarks that will also serve as tourist attractions. Construction of a replica of the Blue Mosque and a replica of the Burj Al Arab are two examples of this. In addition, the estate project plans to build the world’s most prominent horse mascot, which is guaranteed to become a famous tourist attraction. As a result, these two CPEC variables will have a significant impact on the expansion Islamabad real estate market.

  • Property Tax Reduction in 2021

To reduce the economic wreck of the pandemic, Pakistan’s government has lowered interest rates and introduced incentives for investors and businesspeople. It’s an encouragement plan for the construction industry, with the double goals of producing jobs for low-wage workers and expanding economic growth. Underneath the Naya Pakistan Housing Program, the package also contains additional subsidies for builders & developers to provide low-cost housing for the needy. The NPHP will have a significant positive impact on the Islamabad real estate market. The construction tax rate would be set, and they will eliminate the tax liability.

Challenges for the Real Estate Market in Islamabad

While the twin cities’ infrastructure continues to develop, there is an increasing need to address challenges such as water shortages. In this regard, the authorities in charge have already started building many micro dams and have begun the work necessary to lay new water mains to meet the city’s water demands. They’ve also created a campaign to prevent water theft. We expect that the revised master plans for Rawalpindi and Islamabad will include:

  • Recycling water.
  • Using renewable sources of energy.
  • Being more efficient in satisfying the housing demand necessary for housing projects and Islamabad real estate market.

Conclusion

Vertical expansion is the best method for Islamabad to expand, as savvy investors & developers already understand. Nevertheless, before that happens, people should invest in undervalued ventures, as they did in 2019. In reality, investors in Islamabad were able to make significant short-term gains throughout the year as a result of comprehensive market analysis and thorough assessment of risk & reward considerations of the Islamabad real estate market. This quality was lacking in the real estate markets of other places in Pakistan.

We at Estateland Marketing have heaps of related blogs on market trends of Pakistan and other major cities, don’t forget to check our blogs section. To read more about Naya Pakistan Housing Project please visit our website.

 

Share this: