Yes! You heard it right, it’s growing

Real estate is one of the major and subsequently growing industries in Pakistan, for the last decade, it has been on the boom in Pakistan, both the investor and the government hold distinct interest in this industry. As Pakistan residential property trends have been evolved yet improved over the years and as a result, it contributed to the GDP increase in Pakistan’s economy.
Despite these entire facts, one cannot overlook the impact of recent economic conditions due to Covid-19 which badly disturb the socio-economic sectors of Pakistan.
Pakistan residential real estate market has undergone a visible decline because the pandemic stops people from investing in buying properties otherwise Pakistani people like to invest in the real estate market with their savings as they find it the most secure way of investing money.
With the decrease in demand, prices also decreased. Now is a wonderful time for the buyers to invest more in this market. The customer with savings is investing more and more at low prices to achieve high rate profits in the coming year.
The Recent Government of Pakistan makes significant reforms in policies related to the Real Estate Sector which resulted in a major increase in the GDP of the Country.
Due to this trend Pakistan real estate market now a day’s seems to be doing good. 2021 is a good year in terms of investing in real estate? The answer is yes! According to the Pakistan real estate forecast for 2021.
 
These are some of the reasons that enable real estate an ideal place for investing money.

Unstable gold prices

Pakistan people prefer to invest in gold as it serves many purposes, but the trend is changed as gold is facing a very unsteady market. Its prices can rise up to 2000$ per ounce to start going downwards very soon. People are inclined to think it is not the right time for a safe investment in gold rather they are happy to put their money into then real estate in Pakistan.

Massive reduction in property tax in 2021

The government of Pakistan has decreased the interest rate and announced promising benefits for businessmen and investors to cope up with the economic impact of the pandemic. In this way, the government aims at providing employment to daily wages and motivating economic activities.
This is basically a relief package that offers further incentives for the constructors and developers to build low-cost houses for the masses under the Naya Pakistan housing program.
They will waive off the withholding tax and the tax rate will be fixed for the construction.
Importance of real estate for the Pakistan economy
Like any other country, Pakistan's real estate market is one of the strongest pillars of Pakistan’s economy. It draws foreign investors as well as Pakistani investors to see a spark in this market hence they love to invest here. Following are some of the key factors:

Ups and downs in the stock market

Usually, we don’t have ample information about the shares how the stock markets behave, how and when to trade so it would be very risky to invest in the stock market, secondary stock market demands a quick decision whether to sell or buy more shares which make this market a bit unfavorable. This is the reason that people are trying to in real estate after selling their shares.
Local Pakistanis and overseas Pakistanis to buy real estate
Middle Eastern countries passed the law that private corporate should reduce the salaries of workers by 40%. Remittance in 2021 would decrease by 5 billion $. The money needed to build one lac houses. Investment Experts predicting 2021 will be the best year for Pakistan when it comes to Real Estate Sector.