The Property Consultants

08/09/2015

Buying property in Pakistan is often a lucrative choice especially when you buy in the urban cities such as Lahore, Karachi and Islamabad.
The real estate experts often say that flipping houses requires great efforts, and deep pockets. Finding competent deals is one of the toughest tasks for a property buyer and even for a real estate consultant. It often takes several months to find the best deals however once you find one, you need to acquire it immediately. Below are some tips that would help property investors into making efficient property purchases in Pakistan:
Keep logged on to local property portals
Did you know that majority of the properties across major cities of Pakistan are sold online at the local real estate portals? Thousands of potential buyers as well as sellers across Pakistan visit local property portals like homespakistanon daily basis and this is how majority of the property deals are done in the country throughout the year. These portals allow you to shortlist your search in terms of price range, size of land, total accommodation, area and much more. The property portals also display the contact numbers of leading real estate agencies across the country to help people purchase and sell properties.
Ensure seamless access to the cash
If you are seriously in a hunt of property in any city of Pakistan, you need to have seamless access to the cash. This is because the right property may come into your notice sooner or later and when it comes to good deals, you can never wait for another day. The good deals slip out of hands in the blink of an eye so you need making sure that the moment you find the ideal property, you have cash in hand to purchase it right away. Besides, if you have purchased property for resale, you will still need seamless access to cash in order to afford maintenance costs before you resale it finally.
Look for the auctions
Those who are on a hunt for properties that are below the market value should keep a close eye at different auctions in the desired city or town. The auctions are best place for buying property for resale. However, it is good to make a quick evaluation of property’s condition and current value before bidding for it. You should hire a reputable construction and renovation consultant to quote the estimated expense for repair and renovation of the auctioned property to be in a better position to bid.
Only consider profitable locations
Location undoubtedly plays key role in the overall value of a property. No matter, how artfully and elegantly a house is constructed, its location would always play a key role in its future value. For instance, DHA and Bahria town are considered as one of the best areas in Lahore for property investment. Similarly, you should figure out areas with potential and lookup properties in these areas in order to make sure that your investment always stays safe.

08/09/2015

LAHORE: When prices of real estate stagnated in 2014, all eyes were focused on the next year with hopes that it would bring along some momentum in the market. Truly, the much-needed activity emerged, though in part, in the first half of this year.
In almost all popular localities in Karachi and Islamabad, property prices went up over the six-month period from January to June 2015, showed data released by zameen.com, a property portal of the country.
Lahore, however, continued to record sluggish activity with prices remaining static this year as well. But this is not a worrying sign. The property market of Lahore often slows down when investors pay more attention to real estate developments in the country’s capital as well as in Karachi.
In an encouraging development, several new projects are on the cards in Lahore, including the 60,000-kanal LDA City and the 40,000-kanal DHA Phase IX. These and other projects are widening the scope of investment opportunities in the city, which will help steady the property market in the long run.
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In the first half of 2015, one of the top localities in the city, Lahore Cantt, registered a decline of 9.29% in prices while real estate markets in DHA Lahore, Bahria Town and LDA Avenue-I remained stable.
Average price for a one-kanal plot went down only 1.02% in DHA Lahore in the first half whereas in Bahria Town the same plot cost 3.26% more over the same period.
Similar stability was noted in LDA Avenue-I, where average price for a one-kanal plot edged up a negligible 1.05%.
Though Johar Town continued to offer one of the highest rental yields at 4.26%, DHA Lahore and Lahore Cantt remained the more expensive neighbourhoods. On average, a one-kanal house in the localities cost Rs36 million and Rs37.5 million respectively.
Islamabad market:
Here, three of the four popular localities recorded decent gains in the first half, with Bahria Town the only top locality posting a slight drop in property prices. In comparison to the miserable second half of 2014, this was a good turnaround for the real estate market in the capital.
A moderate growth was noticed in Sector F-11 and DHA Islamabad as prices of one-kanal plots rose 6.05% and 6.96% respectively. There was also a modest growth of 6.39% in plot prices in Sector E-11.
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Bahria Town, however, remained stable with a slight dip of 1.20% in one-kanal plot prices in the first half of the current calendar year.
Sector F-11 was one of the most expensive areas for buying one-kanal houses in Islamabad with an average price of Rs68.2 million. It was closely followed by Sector E-11 where average prices were Rs62.9 million for a one-kanal home.
However, Bahria Town, despite a slight dip in average prices, offered a high rental yield at 4.35%.
Karachi market:
With investor focus squarely on Karachi for several months now, the city’s top localities have seen decent rises in prices as well as hectic activity in the first half despite Ramazan and a deadly heatwave.
Gulshan-e-Iqbal and DHA City Karachi recorded handsome price increases whereas DHA Karachi and Bahria Town also posted healthy gains to play their part in a very encouraging overall performance.
Prices of a 500-square-yard plot in DHA Karachi showed a restricted – by Karachi standards – growth of 6.09% while Bahria Town posted a healthy rise of 9.85%.
Prices went up 12.36% in Gulshan-e-Iqbal and 12.23% in DHA City Karachi, indicating a satisfactory and controlled growth.
DHA Karachi was one of the costliest neighbourhoods for buying homes with average sale price of Rs58.9 million for a 500-square-yard house.
Though Gulshan-e-Iqbal offered a relatively higher rental yield at 5.01%, average house prices stood at Rs37.4 million in the locality, well short of the prices prevailing in DHA Karachi.

05/09/2015

YaAllah humain is per amal karne ki tofiq ata farma Aameen

03/09/2015