Pakistan, with its robust population of almost 243 million people, stands as the fifth most populous country globally. This demographic strength, coupled with a growing rate of per capita income estimated at $1798 by the Finance Division of the Government of Pakistan, paints a promising picture for the nation’s economic trajectory.
The country’s vast and diverse landscape seamlessly integrates different regions, fostering freedom of trade, transport, and commerce at an all-time high. Such favourable conditions underpin a strong and resilient economy, marked by a steady and growing demand for housing and real estate across Pakistan.
Amidst this backdrop, the burgeoning demand for housing presents lucrative opportunities for real estate investment in Pakistan. Indeed, the real estate sector emerges as one of the most viable investment avenues globally. Not only does it promise high rates of return, but it also stands as one of the safest investment options alongside bonds and mutual funds.
Despite these prospects, a significant gap persists in the market, awaiting proactive interventions. Here are some stats about the real estate sector in Pakistan:
- Pakistan faces a staggering deficit of 35.3 million housing units, highlighting the urgency for investment and development.
- The country’s real estate market is valued at over $3 trillion, offering ample room for investment to address the ongoing housing crisis.
- Construction activity in the fiscal years 2021-2022 witnessed a notable increase of 3.1%, indicating promising investment opportunities.
- There exists a yearly shortfall of 615,300 new houses that remain unconstructed, further exacerbating the housing deficit.
With land at a premium and housing societies using up prime agricultural land leading to food insecurity and associated environmental issues, the key to solving the housing crisis is to develop high-rise buildings for residential use. In addition to making a great source of rental income, high-rise buildings offering amenities like gymnasiums, spas, kids clubs, swimming pools, and resident theatres offer young Pakistani families a world-class lifestyle.
