No matter where a Pakistani goes eagerly seeking better career opportunities and a secure family future, home remains home.
For instance, at some point in life, he will make his way back to the motherland because the warmth remains in the heart. The year 2018 marked remittance of more than 11.8 billion USD all the way from around the globe to Pakistan for the sake of supporting families living at a distance and property investments. There are millions of Pakistanis living all around the globe willingly investing in the growing property market of Pakistan. Pakistan is now home to some of the world’s renowned builders polishing the property sector for the sake of protecting the land from drowning into depression.
When it comes to foreigners investing within the property sector of the motherland, Pakistan is one of those countries where the trend is soaring.
It is usually observed that these willing foreigners are often discouraged to do so by the residents narrating the tales of a complex procedure. In the leftover cases, they are frightened by themselves. However, investing in Pakistan’s property market is not that much of a big deal. It just calls for a few efforts to dig out the details.
This post is solely written to guide foreigners from all around the globe that how they can invest in Pakistan’s growing property market.
Whether you are looking to buy or just rent it, following is a brief list of some of the mandatory documents that are compulsory for any property dealing in Pakistan:
Any violation or fraud in the above-listed documents may lead straight to the prosecution of both the parties, the landlord and the tenant.
Apart from the mandatory documents requirements, here is a detailed guide for the best property investment opportunities in Pakistan.
Since the property sector of Pakistan is growing at an incredible pace, where there are some reliable merchants like Bahria and Emaar, there are also some average names depending on multiple factors like budget and locality.
With every passing day, we are watching ads of tons of societies providing investment opportunities. Well here, you as a seller have to be skeptical when deciding for a society. It is best to invest in the renowned names due to the multiple opportunities they offer. However, it is not only about opportunities, instead, but it is also about the security of your investment.
The famous societies help foreigners to keep an eye on their investment while living abroad. Whereas, the case is completely opposite if you decide to go with an average is known builders as there is a high risk for fraud.
Secondly, it is also important to look for the property resale value when you are buying it to have an idea about its liquidity. Considering Pakistan, Bahria and DHA are considered to be the two most reliable names for property investment because their resale values are almost double of the purchase value.
DHA is the biggest real estate society of Pakistan and hence, considered the worthiest to pour your money in. DHA Karachi and DHA Lahore are the two most profitable yet reliable locations to invest your money in. for instance, if you are actually making up your mind to Invest in DHA, you surely gonna make good sums in the years to come. DHA Properties assures that your money is safe to be multiplied multiple times in the near future.
It is safe, secure, and reliable with all types of residential and commercial plots ranging from studio apartments to 5 Marla and 2 Kanal spaces.
If there is any name that can compete the property values of DHA Karachi and Lahore: It’s Bahria town.
Bahria town is the second-largest real estate society of Pakistan with all times of properties available both, residential and commercial sectors. Though the investments in Bahria town Karachi, Lahore, and Islamabad are quite more volatile than DHA, it is the only reliable name in the market right after DHA.
In short, it is another name that guarantees the buyer to multiple the purchase value to a much higher sum in upcoming years.
Gwadar is also another trending name in foreigners. They are seen eager to invest their money in Gwadar due to its high pace development. However, it is best suggested for ex-pats to investing in open land due to high risk pertaining to security and unlawful utilization. Again, sangar is one of the trustworthy locations to invest in but again, it is the third option after DHA and Bahria.
It is highly important to become a tax filer in Pakistan. As for the ex-pats, you can file a tax return. Usually, people are confused about tax filing in Pakistan while living several miles away. In reality, it is not that of a big deal. However, now the criteria are quite strict as you can’t file it at any time of the year. Instead, it is compulsory to file a tax return at the end of the tax year. And in case, if someone skips that, all of his transactions for the upcoming year will be considered as non-filer and he will be liable to pay extra charges for that.
Last but not least, one fair tip is not to invest in houses. It is rather best to pour that money on a land purchase because its value increases with time. Whereas, a house value depreciates with time as the construction grows older with time. People are seen buying houses for investment and holiday purpose, this is the worst they could do with the hard-earned money. A house bought for investment purposes will give you less return as compared to any land. Furthermore, similar to this, a house purchased as a holiday home will not give even give you 3% annually because you have to pay rent/maintenance monthly.
Hence, it is best to invest in residential and commercial lands within the prime locations like DHA and BAHARIA TOWN. However North Nazimabad, Shahr-e-Faisal, Tariq road, Clifton, Federal. B Area are a few other locations that can give you some sort of benefit on investment. Property is one of those assets that always gives you more than you spend on it. After all,
Landlords grow rich in their sleep!
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