Real estate in Pakistan attracts Arab investors

Pakistan is one of the largest government systems in South Asia that pursues foreign investment policy and provides incentives to investors such as tax breaks and reduced tariffs. According to the latest data from the global real estate portal, " Lamudi " about the expansion of the real estate market in Pakistan to the rush of investors in the Middle East to own real estate in that region. While the United States leads the list of foreigners wishing to own property in Pakistan via the Internet, Saudi Arabia comes second, followed by the United Arab Emirates, the United Kingdom and Canada.

Data on the Lamudi website also shows that the real estate sector in Pakistan is seeing increasing interest from foreign investors. Despite the blow of political sit-ins to the country's economic scene in August last year, the recovery in the real estate market in Pakistan is expected to grow as the sector grows and reinforces investor confidence in this area.Visit to Best investment opportunity in Lahore

The price stagnation and lack of clarity about the political sit-ins in Islamabad have had a negative impact on Pakistan's property market over the past year, but prices have stabilized thereafter, and have risen in the capital in the second half of the year. The largest price growth during the third quarter of 2014 in the E-11/3 region was seven percent, in the B-17 region four and a half percent, and the DHA-DHA area was about four and a half percent. Market growth has been more evident in major cities such as Lahore and Karachi.

At the same time, the economic situation in the country has begun to improve. On the other hand, the International Monetary Fund raised its forecast for GDP growth in Pakistan to 4.5% for the fiscal year 2015-2016, and the government hopes to raise the gross national product to 5.1% according to its forecasts for 2015-2016.

Foreign direct investment in the country has seen a marked decline in recent years from $ 5.4 billion, the highest rate in 2008, to $ 1.5 billion in 2013. The current government is seeking to reverse that downturn and attract global investment through the Investment Board.

Largest Investor Countries:

1. United States of America

2. Saudi Arabia

3. United Arab Emirates

4. United Kingdom

5. Canada

The delegation included Nader Al Dessouqi, Deputy General Manager and Ali Hussein Fahmi, Head of Customer Service