In this awareness blog, we are going to answer this question in detail Why invest in Pakistani real estate before the election of 2024?
For the last couple of years, our beloved homeland has been facing political, economic, and security instability. Amid this unusual situation, the caretaker government has announced the date of general elections 2024 across the country.
There is a million-dollar question popping up in the minds of the masses since the day of the election 2024 announcement. So, the question is; whether we should invest in real estate before the election of 2024 or not. Read this blog till the last line to get all your answers at once.
Here are following reasons to invest in real estate market of Pakistan before election 2024.
Probability of high returns
Unfortunately, the political, economic, and security instability results in prevailing recession-like conditions for almost every industry in a country. During these times, the real estate sector is no exception. Unfortunately, Pakistan is also facing a similar state of affairs nowadays.
But the silver lining is that the current low prices of real estate can give a high return on investment (ROI) in the near future. Most likely, after the election the situation will be stable and these rates of properties will be boosted with high benefits.
Diversified Portfolio; An answer to the question why invest in Pakistani real estate before the election 2024?
Since we have discussed the instability of the situation earlier; this instability demands wide-ranging investment options. This wise investment move will divide the potential risk across different spheres which will ultimately reduce the chances of expected losses.
Favorable Government Policies after Elections
The last elected government introduced an amenity scheme at the rate of 5% tax to bring investment into the country. Surprisingly, the forthcoming impact of this investment resulted in the overall stability of the real estate market of the country.
There is high chance that after the elections in 2024, the upcoming government may introduce such an amnesty scheme. Ultimately, the real estate market of the land of pure will boost again. Therefore this is the right time to invest in the real estate market of the country to get high profits after elections.
High Benefits of low rated properties
Excitingly, the current unstable situation in the country has resulted in a significant reduction in property rates. Wise investors will benefit from the downturn of the market to get better returns later on. For instance, a 5 Marla Plot in Bahria Town Rawalpindi currently costs around PKR 80,000 /- on average which was PKR 100000000/- before the recession.
So, when the market will get stable the owner will get a profit of PKR 20, 00,000 /- right away. This is how undervalued properties pay off in the long run.
Property Rates linked with Infrastructure development
In developing countries like Pakistan, the political parties run their election campaigns with high promises of infrastructure development. Ultimately, the drive for infrastructure development results in an overall boost in the real estate market of the country. Henceforth, resultant high rates of real estate products prove beneficial for wise investors.
The potential of foreign investment
Under the thumb rule; High risks reward high profits. To keep this rule in mind foreign investors will invest in the market. This foreign investment will boost the overall real estate market of the country.
Opportunity for a stable rental income
Even in the current unstable market situation rental properties are rewarding high cash flows on a monthly and yearly basis. Therefore investing in the real estate market before election 2024 in Pakistan can provide you another stable source of income.
Market flexibility; An answer to the question why invest in Pakistani real estate before the election 2024?
As every industry has its unique strengths and weaknesses and the real estate market is no exception. Likewise, the real estate market has a proven flexibility in its nature. This flexible nature will help the industry to survive this downturn in a good way. Therefore, investing in the real estate market in this unstable situation is not a bad option at all.
A hedge against inflation
The unstable economic situation of the country comes up with a flood of inflation. Hence, the resilient real estate market can prove to be a stone wall against ever-increasing inflation. Therefore, investing in the real estate market of Pakistan before the general elections of 2024 will be a wise choice.
To cut a long story short, investing in a country with political, economic, and security instabilities is not free of risks. But as per the old saying; greater risks reward greater profits, investing now can benefit whooping profits later on.
Investment in the real estate sector of the country before election 2024 can simultaneously be a risky and rewarding choice. Do invest but after consulting an established real estate consultant.
A team of seasoned real estate consultants at Property Naama Consultants can solve this problem.
Contact with Property Naama Consultants
If you have any queries about this topic or need any guidance about any real estate-related issue contact us.
Our Email address: Info@propertynaama.com
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Disclaimer:
In fact, the sole purpose of this blog is to save you from any future difficulty while dealing with property. Keep in mind the above information and share it with your friends and family circle.
Please note that the information provided in this blog post is for educational and awareness purposes only and should not be considered as professional advice.