KARACHI, January 11, 2017: 2016 was a year of change. For many, it was a year of turbulence, and for others, it was a year of prosperity. But what do the events of last year mean for the real estate market of the future? What predictions can be made for 2017? How is technology shaping the face of Asian online real estate in particular? Looking forward to the year
KARACHI, XX DECEMBER 2016: At the moment, Bahria Town Icon (938 feet) is the tallest building in Karachi and Pakistan. It stretches 62 stories has ten floors of offices, 40 floors of apartments, and Pakistan’s highest terraced restaurant—the Altitude. But this is only the tip of the iceberg as over 100 high-rises are currently under construction that will raise the altitude of Karachi to never-before-seen heights. One of the
KARACHI, XX DECEMBER 2016: In 2015, Pakistan’s cement industry thrived but things have not been so rosy this year despite a positive outlook at the start of the year. Cement exports fell by 10.39 percent in November 2016, according to figures released by the All Pakistan Cement Manufacturers Association (APCMA); partly due to growing competition from Iran, who have gained a foothold in the Afghanistan market.
KARACHI, XX NOVEMBER 2016: Recently it has become official that Lahore is safer than Karachi when it comes to overall crime and city-wide safety. The findings come from a November 2016 report by Numbeo where the level of crime in Karachi is reported as a high 77.72 compared to 59.38 in Lahore. Islamabad, the country’s capital, scored a 35 rating meaning it is low for crime. In terms of
KARACHI, 24 NOVEMBER 2016: We wrap up quarter three with mostly positive price increases which represent a healthy real estate market. Plots and houses in core DHA projects have remained popular with steady demand. The newly built houses in DHA housing schemes have maintained constant demand given their high investment potential and central location. Plots prices surge in DHA Plots in the popular DHA housing schemes
KARACHI, 7 NOVEMBER 2016: The Chinese construction juggernaut is rolling through Central Asia at a breakneck speed, reviving the once famous Silk Road. The One Belt One Road initiative is an attempt by the Chinese government to refocus its overextended domestic industries. The project which launched back in 2014 has a war chest of $40 billion, a small chunk of China’s deep foreign exchange reserves. They are casting their
KARACHI, 18 OCTOBER 2016: The property market is still reeling after the Finance Bill 2016 sent shockwaves through the sector. In July, the real estate market recorded a downturn in activity and price performance, but things look better in August. The cost to transfer properties is set to increase by up to 200 percent as a consequence of the new property evaluation method. Buyers have suffered a drop in confidence.
KARACHI, 4 OCTOBER 2016: Exciting announcement today as Lamudi Pakistan has teamed up with Standard Chartered Bank to support the people of Pakistan in getting finance for a new dream home. One of the priority activities home hunters undertake is getting the finance for their house purchase. The procedure can be complicated so Lamudi Pakistan has enhanced their website by adding an easy-to-use loan calculator; which is conveniently located
KARACHI, 27 September 2016: In Pakistan, design trends change quickly so to get a grasp of the ever evolving fashion movements, we sent out a few men on the ground to find out what is hot in home decor in Pakistan. Basements are back If you are privileged enough to have a basement in your home, you may have the potential to convert this space into a living room. But
KARACHI, 16 September 2016: Pakistanis living overseas are a key contributor to the real estate economy in the country but are recent tax changes discouraging these invaluable investors? After four years of acting like a bull, the real estate market in Pakistan appears to be cooling down, according to analysts at Lamudi.pk. Industry experts point to the amendments to Section 68 of the Income Tax Ordinance 2001 that became