How oil and gas affect the real estate market
Since Pakistan is one of the main net importers of oil, a drop in fuel prices on a global scale is bound to make an impact on the economy. What effect has a drop in oil and gas prices had on Pakistan’s real estate market? How important is the price of oil and gas to Pakistan’s economy? Almost all countries in South Asia are net importers of oil and therefore, their economies are greatly affected by the price of fuel. According to a...
Top Areas to Invest in Pakistan
Karachi, 18 May 2016: Pakistan has the world’s 7th largest population and with real estate assets at a market value of 700 billion USD, the real estate sector forms a central part of Pakistan’s economy. The three major cities for real estate development in the country are Karachi, Islamabad and Lahore, although the real estate market is now also growing in smaller cities. Although real estate has been quelled in the past by high...
Lamudi Pakistan creates awareness amongst real estate agents about the effectiveness of online marketing
Lamudi.pk, Pakistan’s best real estate website, recently hosted the fifth real estate agents empowerment program followed by an Iftar buffet in Karachi. The main aim of the workshop was to impart knowledge about the effectiveness of online marketing medium and provide an opportunity for the real estate agents to grow their network. The workshop started off with a presentation by the Regional Sales Manager South, Imran Mahmood...
Lamudi analyzes the performance of Pakistan’s first real estate investment trust
The recent launch of Pakistan’s first real estate investment trust brings positive signs for the commercial property sector, according to analysis by Lamudi Pakistan. The REIT, which was launched on Dolmen City shopping mall and office plaza, was heavily over-subscribed. It brings a positive note for other commercial property developers who can now also enter this asset class. The multi-million dollar real estate industry of Pakistan...
Property Tax Hike Stalls Real Estate Market Activity
Rising property taxes caused the real estate sector to stall in the first quarter of 2015, according to new analysis from Lamudi Pakistan. During Q1 2015, an increase was levied in the transfer fee, stamp duty, capital value tax (CVT), and withholding tax. Similarly a new corporation fee has also been added. These policies hamper the activity of Pakistan’s real estate sector, with real estate agents now looking for other business...
For Sale: Landmark Property in Historic Locations
Invest in real estate close to top tourist destinations. LAHORE, JANUARY 29, 2015: Imagine waking up to sweeping views of Machu Picchu from your bedroom window. Sipping cocktails by the pool of your own villa after a day exploring ancient ruins on the Mexican coast. Or building your dream vacation home at the base of Africa’s tallest mountain, Mount Kilimanjaro. Ever been on vacation and felt inspired to make the trip more permanent?...
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