Advertisement
All Pakistanise have to face a real property crisis. There is a predictable scarcity of over one million Pakistan properties that is about to rise by 0.6 million annually. But fortunately the circumstances are not as bad as in India where the property shortage is a shocking 40 million houses.
But it makes a fascinating reading to know the dynamics of the Pakistan real estate. One can safely presume that the international real estate Pakistan is an immature market. As compared to developed economies around the world where the property sector is typically sponsored through mortgage, it is an entirely mistreated sector in Pakistan.
The existence of mortgage financing in the real estate sector is only a current trend and can be qualified as insignificant. Even the current mortgage financing is unstable with floating interest rate, which indicates that the lender is uncertain about the actual terms and conditions of the loan and the banks are independent to alter the terms and conditions in case of unfavorable interest rates subsequently. It is remarkable to know that mortgage financing is over 50 of GDP in nearly all developed countries whereas this quotient is less than 2 in Pakistan. This is actually what makes buy property in Pakistan and sell international property in Pakistan less appealing.This Real Estate Portal will tell you about buying and selling trends about pakistani properties listings.
Government may set a rule to persuade the contribution of the private sector in the real estate market that will definitely boost number of properties for sale in Pakistan. But the dissuasion of speculators is very necessary. Furthermore the Government has to help the deprived sector of society through House Building Finance Corporation.