How has Islamabad’s real estate market been faring in 2018?

The question must have been on your mind as the real estate market here hasn’t really been stagnant during all that while. Quite interestingly, investment activity in the city continued in bits and parts where some projects were the only ones to register demand. All of this comes to one point; real estate investors in Islamabad picked the options that promised them gains in the short to medium term. Zameen.com’s data and statistics maintain during the real will help you see through the buying trends.

Buying trends

According to Zameen.com’s Buying Trends for Plots in Islamabad, Defence Housing Authority continued to occupy the first position throughout between January 2018 and July 2018. The society is among the largest housing developments in the city and it comprises five phases. And this development is up by over 40 popularity index points when compared with the society positioned on second slot.

The second slot was constantly being occupied by Gulberg during these months, where the only difference was rise and fall in its popularity index point. Quite interestingly, the difference in popularity index points between Gulberg and the project that got the third rank has lately started to drop. Chances are that we might see another project claim the second position as the most searched locality in Islamabad for plots offered on sale.

The third position was kept by Bahria Town between January 2018 to May 2018, but then B-17’s new deal was announced, making the development climb up on the ranks to snatch the third spot from Bahria Town.

Price Index

Zameen Index recorded growth in price of 5-marla and 10-marla residential plots in the federal capital, while a controlled drop was seen in the value of 1-kanal plots during the year so far.

5-marla plots

On average, price of this plot size increased by 9% between January 2018 and July 2018. If you look at the Price Index for 5-marla plots closely, you will notice that rate of price appreciation increased from April 2018 onwards. The average rate of a 5-marla plot in Islamabad stands at PKR  5.87 million.

10-marla plots

This plot size had a rather bumpy journey during the year, where along with decent growth, gradual drops were also recorded during March 2018 and May 2018. So far during the year, the rate of 10-marla plots in the city has increased by a marginal rate of 1.15%. You can check more on it by looking at Zameen Price Index for 10-marla plots. The average rate currently stands at PKR 7.13 million.

1-Kanal plots

The year 2018 is perhaps not all receptive to this plot category as a gradual yet consistent drop is recorded in prices of 1-kanal plot category on Zameen Index. In terms of percentage, the price has dropped by 0.83%. In addition to that, our sources have also reported that most of the transactions are seen for 5-marla and 10-marla plots. The average rate of a 1-kanal plot in Islamabad stands at PKR 17.23 million.

Market experts believe that the high demand for small plots is expected to last for as long as investment activity doesn’t resume at large, involving bigger and more popular projects. In the meanwhile, the trends seem encouraging and vibes for investment buzz are even more so.

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