Apartments are not just one of the most effective solutions to the increasing accommodation needs of a metropolitan city, but they are also a great from of real estate investment. Karachi’s real estate market is the perfect example of this.
In Karachi, property rates of such residential units have experienced a constant price gain during the last several years. As of recently, many developers have launched grand apartment projects in the city, giving people more investment options to consider.
At Zameen.com, we have noticed that larger apartments in Karachi have seen a more noticeable price gain during 2014 than smaller or studio apartments in the city. Let’s have a look at how 2-, 3- and 4-bedroom apartments in Karachi performed in term of price gains in 2014, as we believe this analysis will help you pick the right apartment to make a prudent real estate investment in 2015.
Meanwhile, you should also check out Zameen.com’s listing page for apartments for sale in Karachi.
Per Zameen.com’s stats, the average sale price of a 2-bedroom flat in Karachi was Rs 6,768,729 back in January 2014 and by December of the same year, this had increased to Rs 6,922,224 – an average price gain of 2.27%. Our price trends show that the average sale price of these apartments experienced minor yet constant drops during the first half of the year but picked up during the second half. Please note that this price drop trend is not the same for 3-bedroom apartments. In fact, it is quite the opposite.
The average sale price of 3-bedroom apartments, according to Zameen.com’s stats, was Rs 13,688,400 back in January 2014 and by December 2014, the price had increased to 14,361,375; an average price gain of 4.92%. Unlike 2-bedroom apartments, 3-bedroom flats had a better first half of the year and their average rates increased by 7% between January and June 2014. In the second half, however, the average sale price of 3-bedroom apartments in Karachi dropped by 1%.
Interestingly, 4-bedroom apartments in Karachi have performed the best, experiencing an average price gain of 8.75% between January and December 2014. However, the sale price drops and gains seen in these apartments were more prominent. For instance, the average sale price of 4-bedroom apartments in Karachi increased by 5.37% in April 2014 and dropped by 7.40% in May 2014.
The second half of the year brought along a stable market for the 4-bedroom apartments. Their prices dropped only once, in September 2014, and that too by a mere 0.84%. Per Zameen.com’s stats, the average sale price of a 4-bedroom apartment in January 2014 was Rs 21,628,800, which by the end of December 2014 had reached Rs 23,521,319.
There you have it people, the sale price analysis of apartments in Karachi for 2014. If you need to add something to it or have anything to ask, let me know through your comments.
Related News
