Pakistan is a fast developing country and investing in real estate here is a very good choice. We will discuss the best cities to buy houses and also introduce you to smartest property portal for real estate business in Pakistan.
Government is tightening noose around non filers so it is very important that you must file your taxes immediately. On a more personal note if you are working abroad , chances are that you file your tax returns regularly, therefore it doesn’t hurt you as you will only pay for any profits you make in Pakistan on your property. A lot of Expats are confused about filing of Tax returns in Pakistan and some fear that our system is not fair. I do not agree though, i believe that while local tax filers may face some issues because of complicated systems involved in tax filing but we must remember that the system is still evolving however for the Expats it is very crystal clear and offers great financial benefits.
The real estate sector of Pakistan attracts the interest of millions of people across the country. The secure, timely, and healthy returns of investment make this sector one of the most profitable industries of Pakistan. However, working in this industry is surely not a piece of cake. It’s something beyond buying at a lower rate and selling at higher rates. In order to gain handsome rewards, one should know the foundations of real estate investing. It not only involves various intelligent considerations but also a good amount of experience and basic financial understanding.
A unique aspect of Pakistan’s real estate market is that the industry hits record highs and lows within a span of a few years. Elsewhere in the world (barring the 2005 sub-prime mortgage crisis), the real estate industry more or less follows a steady growth rate (five to eight percent per annum is the average). In Pakistan, however, when bullish trends are witnessed in the market, monthly growth rates of more than 10% are recorded, which are unprecedented. This was the case post 9/11, when FDI by expatriates increased, and again, between 2011 until the announcement of the Federal Budget 2016-17.
Lahore, Karachi, Islamabad, Faisalabad are considered the best cities for real estate business. But there are also a lot of other interesting areas so , to get the bigger complete picture, you should inform yourself on the most complete real estate portal for Pakistan, which is Graana.com.
Graana is a result of simplified essential components of real estate into a more efficient and user friendly portal. We are introducing an extremely transparent and purposeful portal where we will help you buy, rent, sell or even rent out your property, a place where you can sit back relax and let us market your projects and listings. We believe we have set a new standard for the future of real estate in Pakistan by providing the smartest property portal. Read more details at Real estate Pakistan.
The goal to transform the way we buy and sell property in Pakistan was an ambitious one, to say the least. Knowing he needed to create an effective ecosystem, Shafiq Akbar reached out to Maj Gen (R) Saad Khattak to take charge of the administration. Farhan Javed took up the critical role of Creative Director, while Arslan Javed joined as Head of Product Development to steer the project forward.