Pakistani real estate sector has remained a hot favorite for all resident and non-resident Pakistanis. Laden with a bunch of advantages such as locations, return on investments and propelling economy, Pakistan’s real estate promises bright future for investors.
Interestingly, overseas Pakistanis have always shown a keen interest in the Pakistani real estate market. In the last few years, the real estate sector has flourished greatly, thanks to an upsurge in both domestic and foreign investments. Also, the affluent Pakistani community living abroad have sent home a record-breaking amount of remittances for economic welfare.
The following are the four reasons why Pakistani investors must continue to engage in the Pakistani real estate market.
Depreciated rupee value
The Pakistani overseas community has the special advantage of converting their hard-earned foreign income into profit-yielding investment in Pakistan. With the current valuation of the rupee at an all-time low of Rs 200+ against a dollar, investment in real estate has become more affordable and approachable for overseas Pakistanis. As Pakistani rupee is dropping further, the purchasing power of investors will rise manifold. With a stronger USD against PKR, investors can save a big chunk of money by investing under these circumstances.
Real estate in Pakistan accounts for 70% to 75% of the country’s total wealth. To improve the country’s appeal, the Pakistani government has also implemented a variety of economic liberalization policies. Pakistan now offers significant urban investment prospects, innovative infrastructure, and aggressive privatization measures. The establishment of big infrastructure-related investment projects, particularly those associated with the Ravi Riverfront Urban Development (RRUPD), China-Pakistan Economic Corridor (CPEC), and different Special Economic Zones (SEZs), are moving forward at a rapid pace.
Effortless digital banking
An innovative digital banking program named Roshan Digital program has been introduced by Pakistani government to empower overseas Pakistanis. It serves as a perfect banking solution for millions of overseas Pakistani investors living abroad. Pakistanis can now seamlessly invest in the real estate using Roshan Digital accounts from any corner of the world without having to worry about payment challenges.
Reliable consultancy services
Overseas Pakistani clients can now easily navigate through the real estate market to find the best investment prospects. For non-resident Pakistanis, the promising consultancy service has made the real estate investment process as easy as possible. Once the foreign investors find a reliable consultant to count on, he will handle every task all through. The utmost transparency and credibility in the real estate market have now strengthened the confidence of foreign investors.
Simply put, Pakistan’s economy is expanding, and the country’s real estate market will soon take off. For overseas Pakistanis considering different options to diversify their source of income, real estate investment is the best choice. The overseas Pakistani community must keep investing to reap the benefits in the long term.