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The effect of Pakistan's inflation on the real estate market of this country

ACHIEVE A GOOD RESULT

People who intend to enter the territory of this country with investment generally try to do it by buying property or by registering a company, another method is a combination with an entrepreneur visa for someone who has a strong business plan and wants to do so

The average housing price in Pakistan in the city center of this country is estimated at $883 per square meter, and outside the city, the average housing price is $365 per square meter

The average housing price in Pakistan in the city center of this country is estimated at $883 per square meter, and outside the city, the average housing price is $365 per square meter. Considering the inflated markets of Pakistan, it seems that housing prices are also growing strongly in this country. But apparently this is an illusion. In fact, house prices across Pakistan fell by 4.35 percent in the year to the second quarter of 2019, but when prices are adjusted for inflation, nominal prices rose by 4.15 percent.

The real estate sector is an engine of economic growth for Pakistan and yet it has been neglected for decades. By introducing formal training courses in institutions, a revolution can be created in this sector. Iman and Zeeshan Alikhan; Two Pakistani-English brothers decided to fulfill their childhood dream to help more people find a home. The first phase of fundraising for this startup happened in 2012 when several investors announced their readiness to support them. In 2015 and 2016, the second and third stages of capital raising were carried out. Zameen currently has more than 4 thousand full-time and part-time associates in more than 34 cities of Pakistan. This startup has already reached a level of credibility at the level of proptechs in the region, which has held several domestic and international exhibitions.

In order to implement the plan to build five million houses in five years, the government of Pakistan provides 90% of housing costs to low-income families. The prime minister of Pakistan made this promise during his election campaign to solve the problem of the lack of cheap housing. Currently, housing finance in Pakistan is 0.2%; While it is 10% in India, 30% in Malaysia, and 80% in England and America. In this plan, facilities are given to houses below three million rupees (about 600 million tomans) and the bank pays 90% of the cost of the house. Incentives have been provided for banks and financial institutions to increase loans. Special groups such as widows, orphans, martyred and war-affected families have priority in Pakistan's housing plan.

People who intend to enter the territory of this country with investment generally try to do it by buying property or by registering a company, another method is a combination with an entrepreneur visa for someone who has a strong business plan and wants to do so. achieve a good result. Keep in mind that Pakistan is a very powerful country in various fields and it can be a great option. Buying a house in Pakistan and getting residency can be another investment method.

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