As per Munir Sultan, the Chairman of Federation of Pakistan Chambers of Commerce and Industry Standing Committee on Real Estate, port cities are crowned as the most expensive cities to live in as far as the house rents and the value of real estate are concerned, but In Pakistan that honour befalls on Lahore. Now that may seem as though Karachi real estate is not doing all that well but as they say, one man’s loss is another’s gain. Same is the case with Karachi real estate where the market has become more of a buyer’s playground, giving them bigger room for price bargain and more choices in terms of quality of property.
According to a survey recently conducted by a famous Russian real estate website, Karachi got voted as the least expensive city to live in. Some of the many things that were taken in account while compiling this ranking list of the world capitals included cost of living, real estate value, food, transportation, and utilities. So given all of these factors, there is no doubt that this is perhaps the best time to move to Karachi and reap the benefit of low costs.
For investors too, this represents an equally good and unique opportunity. Now, when the realty markets across the world are struggling, is the time to invest in Karachi real estate. The conditions that are prevailing in Karachi are only bound to improve over the period of time but before it does, it has given you an opportunity to make most of the low property prices. Given the fact that the prices of property in Karachi real estate cannot drop any lower, you can go on to invest in Karachi real estate in hopes of making a hefty profit in a few years. If not, the city still represent as a cheap yet very modern place to live in. If you are considering to relocate, then give Karachi a try.
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