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Property in Pakistan


Land of opportunities

From an underdeveloped nation to a booming developing country, Pakistan has come a long way in proving itself in the international scene. With a population of more than one sixty million people and shortage in housing sector, Pakistan has a lot on its plate that it offers to interested and current investors in real-estate industry. The climatic conditions are suitable for construction all around the year, the land is rich with minerals and raw materials and the labor force is equipped with passion and skill to work in real-estate industry with full vigor.

According to a World Bank report (report), Pakistan faces a critical housing shortage. Nationally, the average occupancy rate per dwelling is over six and estimates of unmet annual demand for housing units hover around 1.5 million. The housing shortage is especially burdensome in cities and towns where half the population lives in slums or irregular settlements. In urban areas, over 600,000 new dwellings are needed to satisfy current demand, yet only about 300,000 are being built according to current estimates.

Affordable housing finance is scarce compared to housing demand. The supply of housing finance decreased from 1.5% of GDP in 1994 to approximately 0.5% in 2001. Yet the ratio of the price of a basic Pucca to the median individual income per year stands between 3.5 and 4 (based on 1996-1997 figures). This is a lower level than that in many emerging markets, indicating that external finance with “usual” conditions of cost and maturity could be afforded by middle-income borrowers.

Although Property in Pakistan or Real Estate Pakistan may seem like paradise, there are both geographic and economic factors that might impede the country's real estate market growth. Pakistan's terrain is almost entirely flat and has little elevation, which leads to frequent flooding, the only serious type of natural disaster inhabitants are likely to encounter. In addition, Pakistan's economic success is closely linked to that of Japan, China, and Malaysia; if either of those economies begins to struggle, Pakistan’s economy will likely follow suit.

Bastee.pk Broadening Horizons

To accommodate the property demands of the nation many property sites have been launched in the last three or four years. Bastee.pk in just a short span has soared to become one of the largest and most accessed property sites in Pakistan. Its contributions and accomplishments has been highly acclaimed by the individual property seekers, property dealers and developers who benefit from the services of Bastee.pk.

Bastee.pk aims to connect property owners with seekers. It also aims to serve as potential client pool for property agents and firms. The portal provides an ideal medium for independent owners, real estate agents and builders to advertise their listings on the Internet where they use its services for buying property in Pakistan, selling property in Pakistan and renting property in Pakistan. For property seekers (buyers and renters) it will be main destinations to search for properties in a private, hassle free environment.

Believing that Real Estate is not just about buying and selling properties but finding homes, Bastee.pk drive all energies to the sole purpose of providing the best of services and the right platform for people to find their homes.

Bastee.pk offers services such as

  • Searching for single accommodations, homes, offices, shops or showrooms from thousands of residential or commercial property offers.
  • Free account and property ads posting to sell or rent out your properties or to post property requirements.
  • Weekly property alerts with latest property offers.
  • Direct contact with owners and property seekers.
  • Favorite property ads area
  • Latest property news
   
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  About BASTEE.PK
» Pakistan's top property site
» Largest and fastest growing property database
» Chosen by thousands of property seekers, sellers and buyers
» Constructed though specs of property consultants and leading industry feedback