Invest and Buy an Apartment in Islamabad – A Practical Guide
Are you afraid of losing your money on real estate investments? The answer is simple: if you want to buy property, buying an apartment may be the best option. In Pakistan, families are increasingly opting for high-rise living.
As the real estate trend shifted from plots to high-rises, developers had to focus on vertical developments. 1-, 2-, and 3-bedroom apartments are common to invest in. Studios and penthouses are also popular in cities like Islamabad, Lahore, and Karachi.
Rising Demand for Apartments in Pakistan
The user data on Cloud Services shows an increase in apartment demand across Pakistan. In the last two years, the figure has risen from 15% to 17%. The major reason behind the popularity of apartments is rapid urbanization.
Moreover, apartments are easy to maintain, less expensive, and more secure compared to traditional homes, making them ideal for young professionals and families with young children.
Why you should invest in Apartments in Pakistan?
Let’s discuss the benefits of buying an apartment.
Steady Income From Apartments
Whether you are a first-time buyer or a seasoned investor, investing in modern architecture is a smart move. Apartment projects offer high-end features like security systems, fire safety, parks, rooftops, and more. These luxuries attract buyers and renters.
According to the urban planners, the demand for high-rise living is going to increase in the coming years. It means whoever is expecting high gains, buying an apartment is going to be a lucrative investment.
Ease of Maintenance
Almost every apartment complex has a management team that is in charge of maintenance. They are responsible for repairing leaking pipes, burned wiring, water damage, and seepage in the apartment units.
As an investor or landlord, you won’t have to worry about minor issues that arise over time. For a small monthly or annual fee, the project manager will likely handle this.
A Fast Development Project
Developing a large parcel of the land can take years of work. Whereas, apartment projects are developed in a short time. Even the possession of the project is handed over within 2 to 3 years after the launch of the project. You do not have to wait for years to get approval on drawings and construction.
High Factor of Saleability
Apartments are usually easier to sell as they are connected with business and commercial hubs while maintaining a calm living environment. The rising demand for apartments has a positive impact on its value.
In short, investing in an apartment complex is a smart move to gain short-term investment benefits.
This brings an end to our research on investing in apartments in Pakistan.
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