Lamudi.pk forecasts fast growth in Pakistan’s real estate sector

Lamudi.pk forecasts fast growth in Pakistan’s real estate sector

by February 23, 2015 0 comments
where to live survey report

Safety and security are the top priorities for house-hunters, report shows

Safety and security drive house-hunters’ decisions about where to live, with these factors outplaying other concerns, such as location and affordability, according to a new report on Pakistan’s property market. The findings are contained in new research from Pakistan’s best property website, Lamudi.pk, which yesterday released its first annual report on the future of real estate in Pakistan.

Top Locations for Buyers and Renters in Pakistan

The report was launched at a conference for the property industry hosted by Lamudi, held in Karachi on Friday, November 28. Country Director of Lamudi.pk, Saad Arshed, briefed leading real estate agents, developers and media about the findings of the research. Experts from the property and financial sectors were on hand to give presentations and share their views about Pakistan’s property market and the investment environment.

The report; Real Estate in the Emerging Markets, provides a comprehensive overview of the property sector in 16 emerging countries, including Pakistan. The report is based on a series of online surveys conducted with house-hunters and real estate agents in each country, as well as onsite data from Lamudi’s global network of websites. The research examines the habits of online property-seekers, while offering insights into the future of the property sector, based on interviews and surveys with local property experts.

The customer survey examined house-hunting habits among buyers and renters in Pakistan. Safety emerged as the most important factor for those who are looking for a new home. Whether they are buying or renting, the most important factor for all Pakistani house-hunters when choosing where to live is safety. More than 40 percent of survey respondents said this was the deciding factor when choosing where to live.

buy over rent property survey

The second survey, targeting real estate agents, revealed the extent to which the property market has moved online. While traditional methods of finding property, such as using brokers and newspaper classifieds remain the most popular, online real estate listings are quickly catching up. Nearly all those surveyed expected the use of the Internet during the house-hunting process, to increase over the next decade.

Lamudi.pk Country Director, Saad Arshed, said: “The primary conclusion that we have drawn from our research is that the future for Pakistan’s property sector is extremely bright.

In fact, the majority of property agents we surveyed expect to see growth of more than six percent within the real estate sector this year. The country’s real estate market has emerged as one of the most promising in the South Asia region.”

The report also offers a series of in-depth interviews with key figures in global real estate. In Pakistan, Ex-Chairman Southern Region of Association of Builders and Developers of Pakistan, Haris Mithani, was interviewed.

Visit www.lamudi.pk/research to read the complete research.

FDI flow country breakdown

ABOUT LAMUDI
Launched in 2013, Lamudi, is a global property portal focusing exclusively on emerging markets. The fast-growing platform is currently available in 28 countries in Asia, the Middle East, Africa and Latin America, with more than 700,000 real estate listings across its global network. The leading real estate marketplace offers sellers, buyers, landlords and renters a secure and easy-to-use platform to find or list properties online.
PK
The following two tabs change content below.
Social Media. Brands. Trends. Events. Tweets. Twinterviews. Lists. Urdu.

Related Tech Articles

Similar Posts From Tech Category

No Comments so far

Jump into a conversation

No Comments Yet!

You can be the one to start a conversation.

Your data will be safe!Your e-mail address will not be published. Also other data will not be shared with third person.