Over the past year, the real estate sector of Pakistan has seen a drastic change politically and economically. As a result of political upheavals, several factors entered the market, causing both buyers and investors to think twice before making real estate investments, especially since the last two quarters have shown huge fluctuations. At the top of the list are this year’s flood and socio-political conditions both had a significant impact on the country’s real estate market. Due to this uncertainty, investors from abroad are hesitant to invest in Pakistan and are instead opting to buy abroad rather than send money to Pakistan. On the other hand, real estate prices have fallen 20 – 30% over the past six months and have now reached their lowest point leaving a good time for locals to invest in real estate.
Furthermore, due to increased inflation, rising population and rapid urbanization; a significant section of the population in Pakistan lacks access to adequate, reliable, and affordable housing. In Pakistan, home ownership is mainly concentrated in the upper-income class, leaving low-income people with limited options. Affordability is not about being able to afford to buy or rent a house, but also being able to afford to live in it. This goes beyond meeting expenses related to operations and maintenance; it also involves transport, infrastructure and services costs. If a house is cheap enough to buy and run, but located far from livelihood opportunities or amenities such as schools, it cannot be said to be affordable. Even people with consistent incomes struggle to find affordable housing to buy or rent. Rents remain alarmingly high and off the mark with salaries compelling numerous to pay over half of their monthly salary on housing.
Skills Improvement Foundation (SIF) is bringing a solution to provide affordable housing by offering a revolutionary real estate project AbadKari. ABADKARI is all about revitalizing undiscovered areas, attracting professionals like artisans, doctors, engineers, artists, educators, and entrepreneurs. Through this project we will crafting unique communities with their own distinct living and working environments. This will not only enhance our residents’ quality of life but also nurtures a vibrant market right within the community. As time unfolds, the value of the land, the area, and the community will flourish, representing growth and opportunity.
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For small investors, this model is going to be a blessing as it will be incorporated with LDA & SCEP thus making your investment highly secure with great returns.