Karachi is the financial hub of Pakistan and having property here is like owning a piece of gold in an otherwise volatile market of real estate. The prices are ever increasing and new societies with updated facilities and international standards of living make the investment in Karachi a fruitful goal.
The real estate prices in Karachi are always on the rise – one of the major reasons behind this is the difference between the market’s demand and supply. However, the real estate market in Karachi is doing better than the rest of the country because of the high trade volume and rate of return on investment.
As the world comes out of the harrowing shadows of the coronavirus pandemic, like everything else real estate has also witnessed economic uncertainty and a slow market but now, people are seeking investment options that will benefit them in the long run.
Factors to Consider
Have a look at these factors before making an investment in real estate in Karachi.
- Conduct a market survey: Before making a final decision, always conduct a thorough market survey. For instance, the residential plots are high in demand but the commercial properties always yield a higher rate of return, therefore make the decision wisely that will benefit you in the long run.
- Legal aspects of the property: Always give extra attention to the legal aspects of the property that you are about to purchase. There are a lot of land issues in Sindh and you don’t want to suffer later. Always check the legal documents thoroughly and get them verified before investing.
- Check amenities and facilities: Always check the neighbourhood where you are planning to invest to know whether the price tag is truly worth it or not. Areas having facilities in the surroundings such as schools, commercial areas, or hospitals will always be a property worth investing in.
