Blog | One Homes

How Property Prices in Pakistan Have Changed in the Last 10 Years

Written by Saliha Aziz | Feb 19, 2026 10:12:56 AM

Over the past decade, property investment in Pakistan has undergone significant shifts, shaped by economic cycles, urban expansion, and global investor interest. For those interested in overseas Pakistani property investment, understanding these changes is essential to identifying future investment opportunities in Pakistan.

According to Global Property Guide, nominal house prices in Pakistan rose by 125.91% between 2016 and 2026, one of the highest increases in Asia. However, when adjusted for inflation, prices actually fell by 17.2%, reflecting the impact of currency depreciation and inflationary pressures. This dual reality highlights both the resilience and challenges of real estate in Pakistan, offering lessons for investors planning their portfolio.

 

Why Understanding Historical Property Prices Matters

Analysts emphasise that reviewing past performance helps investors anticipate future cycles. For diaspora buyers, historical data provides clarity on when to enter the market and which cities offer the best property investment opportunities.

 

Overview of Pakistan’s Property Market in the Last Decade

The last decade has seen rapid urbanisation, a rising demand for luxury apartments, and increased interest in residential projects. Despite inflationary pressures, the underlying demand for properties in Pakistan has remained strong, driven by population growth and limited housing supply.

 

Key Phases of Property Price Growth Since 2015

Early Growth and Market Expansion (2015–2018)

During this period, real estate in Pakistan experienced strong appreciation, particularly in Lahore and Islamabad. It is reported that speculative buying and infrastructure projects fueled demand.

Market Slowdown and Adjustment (2019–2020)

Economic uncertainty and currency depreciation slowed growth. Investment advisors noted that many property developers struggled with delivery timelines, creating caution among buyers.

Post-Pandemic Recovery and Demand Surge (2021–2023)

The pandemic initially dampened activity, but by 2021, demand surged as investors sought safe assets. Overseas Pakistanis have increased interest in buying property abroad, particularly in secure gated communities where they could enjoy the best of both worlds.

Stabilisation and Consolidation (2024–2025)

By 2024, the market began consolidating. Analysts highlight that premium projects by luxury property developers attracted steady demand, while speculative markets cooled.


 

City-Wise Property Price Trends

Property in Islamabad: Price Stability and Premium Growth

Islamabad’s planned development ensured stability. Prices rose steadily, with premium sectors offering strong appreciation. Projects like One Serene Residences and Diyàr reflect this trend.

Property in Lahore: Market Depth and Steady Appreciation

Lahore remained Pakistan’s most liquid market. Gulberg and DHA experienced consistent growth, making Lahore an attractive destination for luxury property investment.

Property in Gwadar: Long-Term Speculative Movement

Gwadar saw speculative spikes but lacked consistent demand. Analysts caution that it remains a long-horizon play for international real estate investment, but with the cogs turning to find and implement  long-term sustainable power solutions  for the region, we may see things turning around sooner than anticipated.

 

Factors That Influenced Property Prices Over 10 Years

Economic Cycles and Currency Movement

Currency depreciation reduced real returns despite nominal growth. This explains why inflation-adjusted prices fell even as nominal values rose.

Infrastructure and Urban Development

Projects like motorways, airports, and metro systems boosted values in Islamabad and Lahore.

Government Policies and Regulations

Policy shifts on taxation and approvals influenced investor confidence. Verified real estate companies like One Homes helped diaspora buyers navigate these complexities while the government aims to help foreign nationals  secure their investments .

 

How Price Trends Affect Property Investment in Pakistan

The last decade shows that while nominal growth is strong, inflation can erode real returns. For overseas investors, this means focusing on premium investment properties in prime locations that hold long-term value.

 

What Overseas Pakistanis Can Learn from Past Market Cycles

Diaspora investors should prioritise transparency, reliable delivery, and property management. One Homes addresses these concerns with inspector-linked payment plans, global collaborations in architecture and interiors, and full-service property management, including finding tenants and ensuring rents are paid on time, making buying property in Pakistan secure and hassle-free.

 

Future Outlook: What the Last 10 Years Suggest About 2026 and Beyond

Analysts believe that urban demand will continue to drive growth, especially in Islamabad and Lahore. With inflation moderating, the next cycle may offer stronger real returns. For overseas buyers, this is an opportune time to explore investment opportunities in Pakistan through premium developers such as One Homes.

 

Frequently Asked Questions About Property Prices in Pakistan

Have property prices doubled in the last 10 years? 

Yes, nominal prices rose by over 125%, but inflation-adjusted values declined, showing the importance of considering real returns.

Which city showed the highest growth?

Lahore and Islamabad consistently outperformed, offering liquidity and stability compared to speculative markets like Gwadar.

Is now a good time to invest in Pakistan property?

Yes. With stabilisation underway and premium projects delivering certainty, 2026 offers strong opportunities for diaspora investors.

 

Invest in Pakistan Today

The last decade has proven that property investment in Pakistan remains resilient despite economic challenges. For overseas buyers, the key is working with trusted developers who deliver transparency, reliability, and global-standard living. One Homes has consistently set new benchmarks in Lahore and Islamabad, making real estate in Pakistan accessible and secure for international clients.

If you are considering buying overseas property,  connect with our team today . Arrange a consultation, join our upcoming events, or follow our updates online to explore how One Homes is redefining luxury property investment in Pakistan.