STAFF REPORT LHR: Pakistans multi-billion- dollar real estate industry holds a bright future in 2016, despite being affected
by issues such as housing shortages, increasing taxes and lack of transparency in property according to a new report on
Pakistans property market.
The findings are contained in new research conducted by Pakistans best real estate website, Lamudi.pk.
The report focuses on a series of online surveys of both real estate agents and customers as well as property experts
interviews and Lamudis onsite data.
The research examines the change in real estate trends between 2014-15, the online property-hunting trends, changes inreal
estate prices, the renting vs. buying patterns of Pakistani house-hunters, the rising demand of sustainable homes, impact of
change in oil prices on Pakistans real estate sector and much more.
The first survey of real estate agents examines the progress of Pakistans property market, the shift from offline to online
medium and their outlook for 2016. According to the Lamudi Agents Survey, 78 percent believe that the outlook for Pakistan
real estate is positive.
According to the Lamudi customers survey, more than 50 percent of the respondents preferred to buy a house or an
apartment over renting one. Moreover, 36 percent of them think that sustainable features in a home are extremely
important.
Saad Arshed, Country Director of Lamudi Pakistan, offered a statement about his own outlook for the coming year. “I agree
with the overall positive outlook of the agents with whom we work.