Most search Locality 2016Add Property To Favorites
When it comes to investing in our dear homeland, real estate sector seems to be the most promising one with guaranteed returns on investment. And out of all leading cities in Pakistan, Lahore seems to be the most popular option when people think to invest their hard-earned money in real estate assets. Considering the popularity of Lahore real estate market, it is no more news that Lahore population is constantly increasing, with more and more people want to reside anywhere in the city.
It is not wrong to state that in previous two years, Pakistan real estate sector has experienced several ups and downs but during the year 2015, property prices in most of the cities remained stable due to positive growth demonstrated by few markets. 2016 brought a new hope for real estate investors as the year has been exhibiting positive growth trends so far in realty sectors across the country. Lahore real estate has always been a favourite investment hotspot for serious property buyers and investors alike and since the beginning of 2016, the realty market showed positive growth signs with property prices increasing in a few localities and showing stability in the rest.
1st Quarter of 2016 is ended but to give a clear direction to our prestigious members, we have decided to closely view and analyse search queries’ data recorded on our website so that members can make well-informed property investment decisions.
In terms of popularity, we have picked top 3 residential societies in Lahore. Defence Housing Authority (DHA) remained the most searched locality both for plots and homes, with large number of local and overseas Pakistanis enquiring more and more about it. Wealthy investors still prefer buying homes in DHA Lahore to reside in or rent them out for good returns in form of rental amounts. DHA is and always be a star performer of Lahore realty market.
The next most searched location for properties in Lahore on our property portal is Bahria Town Lahore. Prices were showing a downward trend due to LRR issue but with the beginning of New Year and continual assurance given by Malik Riaz numerous times; property prices took an upward leap there. Few experts are of the opinion that launch of Bahria Town residential project in Karachi impacted positively on property prices in Bahria Town Lahore and Islamabad projects. Moreover, it also offers quick and better returns to the sellers.
Lahore Cantt is closely followed by these both societies in terms of popularity. Elite class loves investing in properties there and also prefers living there to enjoy perks of living in an army-controlled area. We believe, you can hardly find a vacant plot there waiting for an investor. Property owners are renovating their homes to either sell at a far higher place or rent it out, as this is the time to make the most from your property in Cantt.
After knowing about top localities in Lahore, do not forget to share your investment plans with us. Are you planning to go for any of these localities or have something else in mind according to your budget?