Re: Property mania in Pakistan..
While there may be a shortage of housing, the available housing needs to be affordable. you can build 400K million dollar ranches and not solve the housing problem because people simply will be unable to buy the houses.
so what is needed, not just housing, but ‘affordable’ housing. now when you compare the prices to per capita annual income, you can start figuring out what is going on.
the money being poured in from expats into real estate is def not sustainable in the long run.
so where is the money…think small..first of all think land..multipurpose land which can either be used to build condos or to build offices, commecial district, shopping centers etc, or invest in schemes which are building affordable housing, because the demand will be strong there, the retruens may not be phenomenal but it would be a better long term investment approach than the very expensive real estate and looking to that as a guidance.
and y’all better hope that musharraf stays fit and well and safe, they day the current status quo changes…real estate gains go poof