Real Estate Investment is Evergreen

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In almost all parts of the world, this year bought good news to all the real estate agents out there in the market. The experts claimed that the prosperity of world’s real estate market would be depending upon the year 2013 and this year might prove to be really positive for Pakistan’s realty sector. It is hoped to enhance the triumph of property business several fold and this could be deduced from the fact that the property business flourished immensely in the year 2012. Though it was only limited to the elite areas of Lahore, Karachi and Islamabad but the rolling of money recorded in 2012 was way more than that done in 2011 which may be a positive point in the long term success. The posh areas suddenly were under high demand in the big cities of the country which led to the boost of both the prices and customers.

There was suddenly a high requirement of residential properties and the customers increased to such huge numbers that the individuals in real estate business were once again bound to invest in buying new land to develop residential areas in exceedingly demanded areas of the big cities. The best property agency in Bahria Town Lahore  that was on sale in Pakistan was immediately bought by the huge investors and wealthy buyers because it took them no time to realize that Pakistani realty market will soon flourish and this is the best time to invest in this business. The fact however remains that all these developments in the residential communities were aimed to excite the people of the upper middle class and the price of these apartments or bungalows crossed 10 million PKR according to the official records. Many steps have also been taken by our government for the success of the real estate industry. They have reduced the interest rates of mortgage loans in the preceding year and this proved to be a landmark of success, as many investors became interested in investing in the properties.

 Many real estate owners are not even selling their properties right now in the hope that the prices would go even higher and then they would sell it for better profit. However they have forgotten the fact that the price of the properties cannot rise beyond a specific value. There are many investors out there who wish to buy and resell properties to make a handsome income but only few of them can wait for a long time before they make the deal. On the other hand, rich investors are only booking properties in huge amounts because they wish to earn great profit. Property is a solid asset whose value cannot be redeemed immediately and therefore such a practice would be a great hurdle in the success of estate business in Pakistan.

Strategical planning is very important when investors are into the property market and planning should be done before any approach. Property professionals would be very helpful in giving the best possible advice to the investors because they are very well aware of the increasing toll of Pakistani real estate business and the benefits it offers. Zameen.com which is an official website has many experts which claim that the best way to make profit is to choose an ideal location. They also bring to light the fact that estate market in Pakistan is not yet developed fully.

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The real estate market worldwide has been flourishing rapidly and Pakistan, in this case, didn’t stay behind either. The posh areas in major cities like Karachi, Lahore and Islamabad are the prime sites for such development and both investors are consumers who are interested in the properties there. The truth is that the rates of the properties have increased several folds within the passing recent years; crossing the million dollars range. The buying rate of one canal home in Gulberg or Defense areas have reached the price of $500,000, which happens to be five times more than the usual price a couple of years back. The owners of these properties have now come to know that the flourishing nature of this industry and in the hope of a greater profit they are not selling the property that they own. Now it is a matter of luck whether these sellers would be successful in their reluctance to sell their properties or the market would collapse.

The current condition of the real estate market has made people believe that this is the best time to invest in this sector. Buyers are single handedly buying huge projects that may take a time period of years to complete. Residential communities are under development in the surrounding of the central city area of big cities and their rate shoot to millions. The owners are reluctant to sell their properties and perhaps it is supposed that the prices will go down once everybody begins to sell their properties.  This would probably be the collapse of the Pakistani real estate market. One of the drawbacks of this flourishing sector is that fact that people are eager to invest in this business and are left with no choice but to surrender to home loans. An increase in the interest rate has led people to back out from the loan idea and they are reverting back to their original condition which might prove to be negative for the market.

Buyers should be well acquainted with the fact that the market cannot keep rising forever. There would come a time where this would be halted and reversed maybe. Most of the crowd is just busy investing and very few among them have thought of a well settled plan for the long run. The market comprises of several people who just invest in the property for a little profit and buy and sell the property in very short time. Investors are buying files of schemes at such high pace so that we are able to eventually create a property discrepancy in the market and then the investors would be attracted to pay extra money to buy the property which would give them profit by selling their properties at a much higher price. The success of this industry up till now has been quite long lived than expected and realtors are been kept really busy by the buyers who are keen on selling their property. Real estate agents are even looking for huge sales to cut their losses while still some time is left before this industry is no more a success.

Though the discussion just mentioned is a simple observation and not facts based on experimentation, it does give us an idea that an interested, keen investor would make all efforts to sell out his property while the profits are still great rather than wait for the market to cool down.