Despite the slow pre and post election days, the value of residential plots in Islamabad elevated steadily. It appeared that the Election of 2013 could hardly bring down the charm of the property in the federal capital of Pakistan.
Some estate agents claim that the number of property transaction in Islamabad reduced to an extent just before and after the election yet there hardly was a drop in the property rates. The others believe that the slowing down of the property market during the election days was well compensated by the post election surge, which brought along a notable spike in property rates ofresidential plots in Islamabad.
According to data recorded by Zameen.com, the residential plots in Islamabad stood out among other properties in Pakistan by experiencing an average price hike of 12% just in first five months of 2013. These five months of course include the supposedly low and stagnant days of the General Election 2013. It is rather interesting to note that the rising rates of the residential property were the strongest for 2-Kanal plots and lowest for 10 Marla plots.
The property experts at Zameen.com believe that with passage of time, Islamabad real estate sector has become recession proof by earning the utter trust and faith of the investors. The prevailing investment trend in Islamabad is backed with solid development and rapid construction of infrastructural assistance. Along with that, the perfect planning of the new sectors and CDA’s strict approval criteria for private housing schemes has also played its part in making plots in Islamabad more valuable.
Zameen.com notes that on the average, the value of 5 Marla residential plots increased about 13.70% in first 5 months of 2013. Although, this value dropped slightly by the end April and beginning of May but recovered soon afterwards by jumping from PKR 3,550,299 to PKR 4,308,723, which is a pretty decent spike.
For 10 Marla Islamabad plots, the average value increased 6.33% from its January’s rate of PKR 5,623,985 to PKR 5,979,851 by May 2013. For 1 Kanal and 2- Kanal, the rate election is evening impressive at average spike of 7.70% and 13.6% respectively. As of May 2013, the average rate of 1 Kanal plot is PKR 11499325 and that of 2-Kanal is PKR 3,572,000.
Based on the prevailing trends, the real estate experts and investors affirm that from investment point of view, Islamabad real estate sector promises a strong return on investment.
Some estate agents claim that the number of property transaction in Islamabad reduced to an extent just before and after the election yet there hardly was a drop in the property rates. The others believe that the slowing down of the property market during the election days was well compensated by the post election surge, which brought along a notable spike in property rates ofresidential plots in Islamabad.
According to data recorded by Zameen.com, the residential plots in Islamabad stood out among other properties in Pakistan by experiencing an average price hike of 12% just in first five months of 2013. These five months of course include the supposedly low and stagnant days of the General Election 2013. It is rather interesting to note that the rising rates of the residential property were the strongest for 2-Kanal plots and lowest for 10 Marla plots.
The property experts at Zameen.com believe that with passage of time, Islamabad real estate sector has become recession proof by earning the utter trust and faith of the investors. The prevailing investment trend in Islamabad is backed with solid development and rapid construction of infrastructural assistance. Along with that, the perfect planning of the new sectors and CDA’s strict approval criteria for private housing schemes has also played its part in making plots in Islamabad more valuable.
Zameen.com notes that on the average, the value of 5 Marla residential plots increased about 13.70% in first 5 months of 2013. Although, this value dropped slightly by the end April and beginning of May but recovered soon afterwards by jumping from PKR 3,550,299 to PKR 4,308,723, which is a pretty decent spike.
For 10 Marla Islamabad plots, the average value increased 6.33% from its January’s rate of PKR 5,623,985 to PKR 5,979,851 by May 2013. For 1 Kanal and 2- Kanal, the rate election is evening impressive at average spike of 7.70% and 13.6% respectively. As of May 2013, the average rate of 1 Kanal plot is PKR 11499325 and that of 2-Kanal is PKR 3,572,000.
Based on the prevailing trends, the real estate experts and investors affirm that from investment point of view, Islamabad real estate sector promises a strong return on investment.