Why Should You Invest In Property In Pakistan During Your Twenties?
There are many reasons. One is that it’s a great time to buy a house, since the government has just announced its new policy of allowing foreigners to own land in Pakistan. This means that there will be a huge surge in foreign investment into real estate over the next few years. It also means that there will be a large supply of cheap property for sale.
Following are some reasons why you should invest in property in Pakistan during your twenties:
- Foreigners Can Now Buy Land In Pakistan.
The previous Pakistani law required foreigners to purchase property from an existing owner. This was done because most Pakistanis didn’t want their country to become like foreign countries, where foreigners own everything. But with this new law, foreigners can now directly buy land and develop it themselves. This means that if you live in Karachi or Lahore, then you have the opportunity to get involved in real estate development at very low cost. You could even set up a company to do so, which would be tax-free.
- The Property Market Is Growing.
Property prices are still high compared to other countries, but they’re definitely on the rise. As mentioned above, there will be a massive influx of foreign investment into the Pakistani property market over the next few years. And since these properties are being bought by foreigners, who tend to be more affluent than local buyers, demand will increase as well. In addition, the property market in Pakistan has been on the rise for the last five years, thanks to the economic boom in the country. If you wait too long, you’ll end up paying much more for your property.
- Property Values Are Rising.
The property market is expected to grow significantly in the coming years. There’s no doubt about it. With the increasing number of wealthy foreigners looking to invest in property in Pakistan, prices will continue to rise. And once prices start going up, they never go down again. So don’t waste any time! Get in before it’s too late.
- Land Is Cheaper Than Ever.
This is the best part. Land is much cheaper than it used to be. And while the price of land has been steadily rising over the past few years, it hasn’t gone up by as much as property prices. That means that if you buy property, you’re buying at a lower price per square meter than what it was worth three years ago.
- The Infrastructure Is Improving.
Most major cities in Pakistan have recently received a facelift, including roads, bridges, and other public amenities. This means that there’s better access to the city, and less traffic congestion. All of this makes it easier for people to move around and reduces travel costs.
- You Can Find Good Deals.
A lot of real estate agents are now accepting applications from foreigners, especially those who are willing to pay cash. These agents are usually quite helpful and know all the tricks of the trade. They’ll help you negotiate a deal that works for both parties.
- There’s A Huge Population Growth.
Pakistan’s population has grown by 20 million people over the past 10 years, and it’s expected to keep growing. By 2030, the country’s population is projected to reach 200 million.
- There’s A Huge Demand For Housing.
As mentioned above, the property market in Pakistan has been on the rise for the last five years. While the property prices have increased dramatically, there has been a corresponding increase in the number of houses built. This means that demand for homes is still strong. If you want to invest in property, now is the time to do it.
- Your Capital Gains Will Be Taxed At Only 15%.
The government has just lowered the capital gains tax rate on property investments from 30% to 15%, which is a huge relief for investors.
- You Can Make Money Without Investing.
You don’t need to put any of your own money into the deal. You can just hire a professional property developer and let them handle everything.
Final Words:
So there you have it. If you’re in your twenties, and you’re looking to invest in property in Pakistan, then now is the perfect time. Don’t hesitate!
