Re: real estate situation in pakistan ?
For anyone from Overseas who wants to build a home in pakistan, now is the best time ever. It all really depends on your budget really, but the post 9/11 hike in prices is gone, even though they still hover at somewhat of a high due to the earthquake as many kashmiris have came to islamabad. Im not sure bout karachi but I do know that Lahore is as cheap as it has ever been but I would recomend Islamabad.
Probably the best opportunity for a house right now is Defense Housing Authority Islamabad. http://www.dhai.com.pk The pictures or site wont give you as good as an idea as visiting the area. But its about 20 km from zero point islamabad, its development is really high quality with some international firms who have done most the work. Phase 2 is finished and you can buy a 1 Kanal Plot there for around 50 lakh rupees. The location is good, the security is there, you dont have to deal with the corrupt CDA of islamabd, it has its own club, hospital, school etc. For another 50 lakh or so you can build your house. Just my opinion though, and it depends if you are going to be doing a lot of work in Islamabad, then I guess a 1 kanal plot in E-11 will set you back around 120 lakh right now, some parts of it dont even have electricity yet, or even gas and the development is not that great but if you really want to be in the heart of islamabad and can wait a year for it to settle and stuff, its up to you. Thats the price of just the land though.