Comparing property prices in Pakistan today to those from 10 years ago, it’s clear that values have seen a significant increase. With the rising demand for land due to the increasing population in major urban cities, like Lahore, Islamabad, and Karachi, the prices have skyrocketed in the past couple of years. Even land on the outskirts of these cities has seen significant investor interest.
Overseas Pakistanis are also increasingly interested in real estate investments in their homeland. The booming interest of investing in multi-generational vacation homes has fueled the rise of luxury living destinations in Pakistan.
Taking note of this gap in the market, One Homes, a luxury property developer in Pakistan, acquired land in the most promising areas of Pakistan to create living experiences that rival the best this country has to offer. With partners, such as Versace Ceramics, Kobi Karp, Sarah Rahal and many others, we are building luxury homes fitting to the tastes of our discerning clientele.
According to Statista, Pakistan is experiencing a surge in demand for luxury accommodations in major cities. Now may be the best time to invest, as the market is growing by an average of 4.01% annually. The growth rate is even higher for the bustling real estate markets of Lahore, Islamabad, and Karachi.
Overall, looking at the real estate market worldwide, residential developments only appreciate in value. One of the major reasons is the high demand and limited supply. Ultimately, everyone wants a piece of property to call their own, especially in their home country. Hence, the inherent scarcity level of real estate and the growing demand, both domestically and internationally, drives the increasing value.
Additionally, with the healthy economic growth of Pakistan, prices of consumer goods have risen over time. This also applies to real estate – as your property appreciates during periods of inflation, it not only increases your rental income but also makes your home more valuable over time.
Given the immense potential of Pakistan’s real estate market, as it is projected to reach a value of $1.98 trillion by 2024, it’s worth considering your investment options now. New urban areas are witnessing increased interest and rapid development, offering a more tranquil living experience compared to the bustling city centres.
One Homes’ one such development is Trinity One in Islamabad. It boasts a collection of smart homes, made in collaboration with globally recognised partners, to provide residents with luxury homes within a self-contained community. Not only will you enjoy breathtaking views of nature from your balcony, but you’ll also have easy access to schools, malls, mosques, and even downtown Islamabad. If you want to know more, we are available to give you the run-down of all of our projects!
