Real estate trends in major cities

With all its online listings, buying, selling and searching trends, Zameen.com has become a key source of information regarding the industry developments and movements. There are three key features of the report discussed here.

First, the new fiscal year so far has seen property market posting gains with the exception of a few major cities. Lahore is one of them; according to the report, the city has been witnessing plunging property prices of late and lack of investor interest. The primary reason behind the volatile Lahore real estate market is quoted to be the mystery surrounding its Ring Road's southern loop; the planned construction stirred confusion among property buyers and investors of Bahria Town and adjoining societies like Lake City about its route. The conjectures making rounds regarding the constructions planned route has actually been holding investor sentiments back. However, the study also shows despite these ambiguities, Bahria Town Lahore - the alleged victim - has apparently been unaffected, showing a steep rise in property price. On the other hand, Lahore Cantt and DHA Lahore experienced dips in prices, as did LDA Avenue I experienced dints in prices

Secondly while Lahore property market has plunged, real estate prices in Karachi and Islamabad have thrived in the last couple of months, making FY16 an upbeat year so far. The popularity of Bahria Town in Karachi has picked up manifolds, and improving security situation in the mega city has definitely played in. The city's realty market was generally profitable for stakeholders; Gulshan-e-Iqbal and DHA Karachi also witnessed a rise of 4.51 percent and 2.12 percent in prices, respectively. Similarly the property prices have bloomed in Islamabad as well. However, two projects in these two cities, DHA City Karachi and DHA Islamabad have seen slight fall in prices.

And finally, the real estate market received a major thrust post Eid ul Fitr, which is continuing in Islamabad and Karachi, while Lahore could not keep up due to the lack of clarity regarding the Ring Road route.






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 Broadway Estates Lahore 

Real Estate Consultant & Builders
Sale, Purchase, Rent, Design & Construction
71 Broadway, Paragon City, Barki Road Lahore Pakistan. 
Naveed Khan
Tel: 0324-4434017 , 042-37165565 
0332-4443470

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