The real estate sector ensures the most promising of investments, because the value may rise or fall, but property, in general, always has a value. Pakistan real estate is flourishing at the moment, due to the incentive packages announced for Overseas Pakistanis and locals as well. A brief forecast of Pakistan real estate 2021has left it known that 2021 is expected to be a year in which more undeclared capital is to be invested in real estate. It will be a productive year, especially for the ongoing construction projects and the areas under possession.
Pakistan’s real estate development and properties are dispersed throughout the country. Though each region has its own range of offerings and investment opportunities, the top three cities for unrivalled real estate investment are Lahore, Islamabad and Rawalpindi.
We will concentrate our property research in Pakistan on the top three cities. Let us dive into an overview of the cities listed above, then go through the top 3 areas in each city to give you a better understanding of what makes these cities attractive enough for an investment.
Lahore Real Estate
The City of Gardens, Lahore, is a historic city in the heart of Punjab. You will know of its historic importance as soon as your train enters the Lahore and you see the medieval-style structure of the railway station. It’s as if you’ve walked into a wonderful history.
The Lahore train station’s unique construction is due to the fact that it was constructed after the 1857 war of independence. The station is, without a doubt, a legacy of the vast railway network built during the British period. Lahore contains many historically important places of the British era.
If you wish to invest your hard-earned money in Lahore, let us tell you about the brilliant new housing projects in Lahore for you.
Lahore Smart City
Park View City Lahore
Al Noor Orchard Lahore
Bahria Orchard Lahore
Lahore Smart City
Lahore Smart City is one of Pakistan’s most unique real estate properties. It is a collaboration of two of the most brilliant developers in the real estate sector, Future Development Holdings (Pvt.) Limited and Habib Rafique (Pvt.) Limited.
The standard living experience will be rightfully delivered to the residents of this pristine city. The location is connected to the city and provides an environment different from it at the same time. It’s located on the Lahore Bypass near the Lahore Interchange. This lodging society can be reached by the Grand Trunk Road Lahore and the Lahore-Sialkot Motorway as well. The Allama Iqbal Lahore Airport and DHA Lahore are at a distance of approximately 18 minutes from the property. It is going to be a technological masterpiece. Upon its completion, it will be ranked the fifth formative wonder of its kind in the continent and the second in Pakistan.
Park View City Lahore
Park View City Lahore is an esteemed lodging society presented by the Vision Group of Aleem Khan, the same creative individual behind Park View City Islamabad. For the Vision Group, the deliverance of dreams is the priority.
True to its name, it will be surrounded by the greenery of beautiful parks, to bring nature alongside modernity. Covering a land of 7000 Kanal, it is about 3 kilometers from the Thokar Niaz Baig Flyover and Canal Road. It enjoys a favorable distance from the city of Lahore. The lodging society is on the top of the list for investors and clients as well.
Al Noor Orchard Lahore
Al-Noor Orchard Lahoreis an LDA-approved lodging society that offers a wide range of feasible bookings and appealing properties to meet the needs of today’s investors. This housing society was brilliantly developed by Al-Jalil Developers. The society worked hard to achieve its goal of being a leader in the field of urban planning.
Al Noor Orchard Lahore is a cutting-edge lodging community where you can buy private plots and villas in various sizes in monthly instalments. Al Noor Orchard is located on the Primary Sharaqpur Street, just a few minutes’ drive from the M2 Motorway’s Faizpur Interchange. It is in proximity to the Ring Road, G.T Street, Lahore Sialkot Bypass, Multan Road, Orange Line, and Metro makes it easily accessible from anywhere in the city. The lodging society is close to all of the city’s major commercial areas.
Bahria Orchard Lahore
Bahria Orchard Lahore is a project of excellence by none other than Malik Riaz, the founder of Bahria Town. Bahria Town Pvt Ltd is one of the most trusted names in the real estate sector. The lodging society is designed with the objective to bring the thralls of nature and technological marvels at one place.
The Bahria Town projects are situated outside the main city, with the residents’ comfort and convenience in mind. The Bahria Orchard Lahore is linked to all of the city’s major commercial zones due to its location on Raiwind Lane. It is next to the Fauzia Housing Scheme and the Lake City Residency. Bahria Orchard is in a prime spot, just minutes from the Thokar Niaz Baig flyover and Canal lane.
Islamabad Real Estate
Islamabad is a piece of the heaven on earth, its greenery along with that of the Margalla Hills and Shakarparian forests makes it stand out from all the other cities of Pakistan. It is undoubtedly one of Pakistan’s safest cities. Islamabad is also a family station for the United Nations, thanks to the constant and unwavering efforts of federal law enforcement agencies (UN). The World Crime Index declared the federal capital to be safer than major cities around the world such as Amsterdam, London, Berlin and Paris.
It is a prime region for both residential and investment purposes. The projects that we will go into now are contributing significantly to the engine of the Pakistan real estate.
Taj Residencia
Discovery Gardens Islamabad
Eighteen Islamabad
ICHS Town Islamabad
Taj Residencia
The Taj Residenciais the first investment option for you that is close to the Federal Capital. It is a fine gemstone of a project by the Sardar Group of Companies. The Centaurus Mall in Islamabad is a paradigm of their excellence it has sealed our trust in them. They are introducing Centaurus Mall 2 in Taj Residencia.
Taj Residencia is located near the CDA Sectors of I-14, I-15, and I-16, and is 35 minutes from the Centaurus Mall, as well as the motorway. It is also at a favorable nearness to the New Islamabad International Airport. The sector I-14 and I-15 connecting roads are the key entrances to this amazing housing project. In the future, it will also be accessible from the Rawalpindi Ring Road. With the first-rate facilities and luxury lifestyle, it will prove to be the best residential choice for you.
Discovery Gardens Islamabad
The Discovery Gardens Islamabad is a dreamful lodging society of ingenuity, scenic beauty and brilliance. It is presented by the Falaknaz Group along with ABAD, All Pakistan Builders Association. Both of these organizations have been in the real estate sector since the 1970s, delivering their promises to the investors.
The location of Discovery Gardens Islamabad was chosen strategically to provide residents with access to all of the region’s commercial, economic, and social centres. It is located in Mouza Mujahid, near the New Islamabad International Airport, on the main Islamabad-Lahore highway.
Eighteen Islamabad
Eighteen is a high-end real estate project in Islamabad that strives to be the pinnacle of luxury living.. It is envisioned as a world-class lifestyle destination in a city renowned for its natural beauty and modern infrastructure.
Eighteen is a USD 2 billion project in Islamabad that defines contemporary architecture, elegant landscape, and sustainable living. It is a joint venture between Ora Developers, Saif Group, and Kohistan Builders and Developers. These are the most renowned real estate developers and shall truly deliver wonders in their union at this project.
Despite its location in the 18th district of the Twin Cities, a 20-minute drive from downtown Islamabad, the housing society is easily accessible via Srinagar Highway (Kashmir Highway) and the Lahore-Islamabad Motorway Grand Trunk Road. Eighteen is also close to the New Islamabad International Airport, which is about 16.3 kilometres away.
ICHS Town Islamabad
ICHS Town Islamabad is a semi government project under The Islamabad Cooperative Housing Scheme. The foundations of it have been laud with the objective of providing abodes to the government employees, disabled persons, orphans, widows and Overseas Pakistanis.
The ICHS Town is located at about a 30-minute drive from Islamabad’s Zero Point Interchange. The main Srinagar Highway, also known as the Kashmir Highway, leads directly to the ICHS Town Location. It is also in proximity to the New Islamabad International Airport. Kasana Dam Road and Airport Cargo Road are also options for getting there.
Rawalpindi Real Estate
The city of Rawalpindi is known to be a twin brother to Islamabad because of the two cities being so close to each other and the strong social and economic links between the cities. In 1849, the British Raj occupied the city, and it became the British Indian Army’s largest garrison town in 1851. After British India was partitioned in 1947, the city became the headquarters of the Pakistan Army, maintaining its status as a major military city.
Let us discuss the beneficial investment projects in the vicinity of Rawalpindi.
Blue World City
Rudn Enclave Rawalpindi
Capital Smart City
Blue World City
The Blue World Cityis the first Pak-China housing project in the country. It is strategically designed to accommodate individuals who require cost-effective lodgings along with foreign investors and Chinese residents as well. It is a venture by the Blue Group of Companies (BGC) along with the Shan Jian Municipal Engineering Company.
It is situated between the Thalyian and Chakri interchanges. Blue World City is adjacent to the CPEC road Motorway M-2, and the New Islamabad International Airport is on the right side of the society.
You will have an abode in one of the finest housing societies packed with world-class facilities that are numerous, it is a door of opportunities that you awaited, at the most convenient market price. The project is ideal for a long term investment.
Rudn Enclave Rawalpindi
Rmrsco Pvt. Ltd. is building a visionary housing society, Rudn Enclave near Rawalpindi. The housing society spans over 10,000 Kanal. Rudn Enclave is a master-planned suburban community with all of today’s amenities and highly effective mechanisms. In Pakistan, there are no examples of ultra-luxurious facilities that this housing society will provide. This safe environment is a true blessing for the citizens of the twin cities.
Rudn Enclave is near the Adiala Road, which is adjacent to Bahria Town Phase-8, the M2 Motorway, the N-5 National Highway, the Chakri & Thalyian Interchange, the CPEC new industrial commercial zone, and the newly proposed Rawalpindi Ring Road, as well as the natural water body, Dam Khalsa.
Capital Smart City
The most illustrious projects of all time, Capital Smart City, is one that shall bring the most powerful of changes and the most dynamic of successes. It will be built with the objective of bringing smartness and modernity to the way of life, through intergraded first-rate features, smart housing, and Grade-8 growth. The project shall provide an environmentally sustainable and secure atmosphere for its citizens and investors.
It is in close proximity to both Rawalpindi and Islamabad. It is located on the Lahore-Islamabad highway, 9 kilometers from the M-2 via Thalyian interchange, on the CPEC’s eastern road, and 5-6 minutes from the new Islamabad international airport.
Conclusion
At the end, I am filled with excitement at the wondrous works in the process and the spectacular future that they will behold. I am sure you are too. Now that you know about the perfect investment places, you will be able to take the right decision.
When investing in the real estate of Pakistan, you will have Sigma Properties as your advisor, we look forward to paving the way to success for you.
A country, much like a castle cannot stand proud atop pillars of sandy nothingness, as having a sturdy foundation is necessary for any form of progress. Naturally this is true for Pakistan as well, and it goes without saying that among all the pillars which form the foundation of this country, real estate may be the one that has undergone the most tests and trials of time. As can be seen through the real estate sector analysis in Pakistan.
The pillar of real estate has seen many weathers, there were many issues that came when supporting the foundation of our country’s economy. Real estate developments have slowed down since 2017 due to political turmoil and constant change in economic and financial policies. If we take a look at the developments of 2019, we see that the performance has been more dismal than the present. There were many financial, economic and political challenges that the countries faced even at that time, they slowed the progress of the real estate entirely.
The arrival of 2020, with the spreading global pandemic, made the road to success look even more difficult, but it ended up to be a good year for real estate after all. The government introduced a number of schemes that motivated the citizens towards investing in this sector. These new schemes and laws are what will be the cause of rapid progression in 2021.
But the real question that comes to mind is that where did the damage begin and what was done to make amendments? The real estate sector analysis will help us properly identify the damages first, either minute or colossal and the necessary repairs and improvements that followed along with the position of the investors, realtors, consumers, in it all.
The Discouragement of the Overseas Pakistanis
Overseas Pakistanis prefer to invest their hard-earned money in real estate,
With the purpose of having an abode to return to.
They want their options open, so an opportunity such as the real estate seems fitting.
Most of the first rate housing societies in major cities like Islamabad, Karachi and Lahore have already captured their interests by the provision of the splendid lifestyle they are accustomed to.
The year of 2019 did not invite many investments from abroad. The Overseas Pakistanis have known of the issues going on through the power of social media. The economic and financial issues that arose brought with them the loss in the property sector and the lack of interest of Overseas Pakistanis to invest.
Importance of the Investments by Overseas Pakistanis
The investments of Overseas Pakistanis are crucial for the growth of Pakistan as they fall in the category of remittance. The larger the remittance, the higher the value of Pakistani Rupees will be and then it can compete against the US Dollars.
Remittance inflows can contribute remarkably to a country’s economic well-being. A study conducted by Abdul Qayyum has shown that Pakistan’s remittance inflows help in not economic growth and also in improving social conditions. Districts like Sindh, Punjab and Baluchistan, have reaped the benefits of remittances to Pakistan.
And now the real estate sector analysis in Pakistan includes a big success, Pakistani Rupee traded at the highest value in nearly one year. In August 2020, the trading was at the lowest point, the rupee posted an improvement of 71 paisa’s on 3rd March 2020, closing at PKR 157.13 to the USD in the interbank currency market. This will attract our foreign investors and Overseas Pakistanis and keep them dedicated as their attention is ours.
With new policies and developments taking place, there is another benefit set in motion for the Overseas Pakistanis. For the expats, the income tax returns have been made flexible.
Untaught Property Dealers
The real estate market has been overtaken by uneducated agents and dealers who don’t have the know-how of the world of real-estate, so they misguide people and in most cases lead to cases of frauds. There is a need for a Federal and Provincial Real Estate Authority in the country that could help protect the rights of land allotters.
The development and construction of societies by the builders must be overseen, it takes many years to complete the land consolidation process. Taking the aid of some real estate regulatory authorities to oversee the developments will strengthen the confidence of people, especially overseas Pakistanis to invest their money in this sector without having any fear of scam.
This issue has an important place in the real estate sector analysis in Pakistan as it has affected progress in its own little way. Sometimes, it’s the tiny sparks of fire that are ignored, but it is capable of setting fire to the entire foundation. To prevent this, we atSigma Properties are at your service. We shall provide you consultancy free of greed or any bad intention that is thinkable and shall point you to the right direction.
Previous Tax Rules versus the Present
The CGT or Capital Gains Tax is a tax that the seller pays and the capital gains refer to the profit that one makes from the sale of any property. Formerly, tax on capital gains or profit earned would be charged on the basis of how long one holds one’s property. For instance, if you buy a property and sell it within three years, Capital Gains Tax rates
For the first year would be 10% on the gain
For the second year would be 7.5% on the gain
For the third year would be 10% on the gain
If you chose to sell your property after three years, no further CGT would be applied. This system had a negative impact on the holding period, which is the time that an investor keeps the property for himself. The holding period had become really short and properties were bought merely for the purpose of resale.
All of this is gone. Now, the tax on capital gains will be applicable after 4 years of having kept the property with you. This new reform is in the best interest of the investors as the holding period has been made manageable for them and those who are buying property for the sake of setting it aside for years.
This has begun to strengthen the pillar of real estate in the nick of time.
The Absence of Relief Packages and Incentives
There is a dire need for incentives to keep the investors engaged with the real estate dilemma. In the previous years, there were no proper incentives offered to the interested parties, so lesser development took place.
Recently the government has provided new schemes and packages. The construction relief package is one of the main ones. The President of Pakistan has recently enacted the Tax Amendment Ordinance 2021 to facilitate the construction sector of the country. It has been effective from January 1st, 2021. The deadline for availing the government’s special construction relief package from 31st December 2020 till 30th June 2021 has been extended due to this ordinance.
Now, builders and developers can easily get their projects registered under this tax amnesty scheme, which provides them immunity from disclosing their sources of income as well as availing the fixed tax regime. The deadline for the completion of projects is now 30th September 2022, instead of 30th September 2023.
This gives the real estate sector analysis an edge as the real estate investors can now enjoy the immunity to disclose their funding sources as well as the facility of fixed tax regime because of the extended deadline. It was 30th September 2022 and now it is till 31st March 2023.
The Tight Regulations of the FBR
The Federal Board of Revenue, FBR receives information about your income, the investments you have made and real estate transactions. FBR will match up your income with the filed tax returns and if there is a disparity, they will send you a notice or they will charge you a penalty fee. They might freeze your assets too.
In the past, FBR had targeted the non-filers, those citizens who do not file a tax return by the required date. There was an imposition of a ban on non-filers buying property worth more than 5 million unless they register with the Federal Revenue Board (FBR). Apart from this, FBR’s tight regulation on non-filers’ banking transactions, and the levying of high property transfer taxes discouraged investors from putting their money into the sector in 2018-19.
The FBR has lifted these bans now and the non-filers are availing this to invest large sums of money into the real estate sector. This is greatly contributing to the success of the real estate sector which is indirectly lifting the overall economic situation as well.
Conclusion
Being a developing county, Pakistan’s real estate is facing its battles. Not all of them are lost. The real estate sector analysis in Pakistan shows interesting movement and momentum. The Pakistani Rupees’ appreciation and the falling Dollar prices is a big achievement. It may not have been due to economic strength, but it is bringing in strength of a new kind. It puts Pakistan ahead of the game, in a supreme place where the world applauds it.
The new policies and packages introduced are lifting the real estate sector too because they contain benefits for the working class and the investors as well. All of this will result in more investments from abroad and within the nation. In 2021, the industry of real estate will exceed expectations, as thePakistan Real Estate Forecast 2021says so as well.
The economic development of Pakistan is a foundation and the pillars of it are the various industries, the most important of which is the real estate. The size of Pakistan’s real estate assets is between 70 to 75 percent of the total countries’ wealth. Currently, the Pakistan Real Estate forecast has knocked on the door of brighter expectations.
But first, what charm does the real estate have for us? There is a concept amongst most Pakistani individuals that if you invest in real estate, you will never lose your money, it will always give you profit, whether it is after two years or three years. In terms of investments, property truly is the safest investment option.
It is a passive income source. If you are unemployed but have property of any kind, you will not need to worry about the expenses the next month would bring.
There is a flexibility of selling all of those you own in times of crises.
You can always choose to move into the house built on your property.
There is an opportunity to build equity.
So in short, the safety is having a roof to rely on at any time.
Most families in Pakistan often invest in property keeping in mind the next 10 years to come, if they have large sums of property in remote areas, they are inclined towards selling all of that property and buying a property that is less in land mass but in a more suitable location. For example people who have had properties in regions like Bannu or Dera Ghazi Khan or anywhere that is considered a remote area, they are now inclined towards selling those properties and buying something in more commercial, currently functional societies in major cities such as Islamabad, Lahore or Karachi.
The Condition of the Real Estate in the past
In 2019, the property sector suffered a little because of several financial, economic and political challenges. Nonetheless, 2020 began with a global economic meltdown due to Covid-19, but it has ended on an entirely different note.
The Real Estate of Pakistan in 2020
2020 brought with it big surprises, both good and bad. The property sector is a fragile entity, one that pays for the harsh winds that blow. And so, in the beginning of 2020 the image was not as appealing one, but it ended by leaving numerous advantages to the people involved in this sector.
The government introduced several packages which proved to be the best for the real estate industry of Pakistan. The amnesty scheme, construction relief package of PM Imran Khan and the new policies for the sale and purchase of property have had a positive effect on the country’s properties. The government also announced that people are allowed to construct projects and houses without declaring their income source, which led to an increase of 20% to 30% in the property prices.
The Current State of the Property Sector
The prices of property are in a stable position since the last two months of 2020. On 31st December 2020, the government of Pakistan has declared that the construction relief package shall be continued throughout 2021. This announcement has ensured that the road to success will not have any ditches or thorns and the prices of the property have started increasing again. The cloud of uncertainty is still upon us as the property prices are showing a highly risky behavior, so investments must be made with proper attentiveness.
During the initial days, the construction relief package only focused on development and construction of the plots. But now, the societies have started developing non-possession plots and have announced possession so that investors can quickly start the construction of their projects.
The prices of properties will increase till April 2021, it is an expectation hanging in the air. Hopefully it will turn out to be this way.
Housing Industry in Pakistan and the Real Estate Market 2021
Imran Khan, since the time that he become Pakistan’s prime minister, has made several reforms and improvements to Pakistan’s real estate sector that are directly related to Pakistan’s economy in many ways, such as:
Most of these changes have been implemented to raise government tax revenues.
Prevents speculative purchases in the real estate industry.
As a result of these changes, there has been less investment by investors in Pakistan’s real estate industry as a result of which Pakistan’s economy is in a critical situation.
Real Estate Forecast 2021
2021 is said to be an interesting year for the real estate sector of Pakistan. This year will be highly beneficial, but we have to consider the many factors that are to come out with this real estate forecast in 2021. The important factor here is that our government seems to be more focused on constructing real estate projects.
So, the prediction is that 2021 will be a year where more undeclared money will be an investment in real estate. It will be a profitable year, especially for the ongoing construction projects and the possession areas.
Overall, 2021 will be the golden year for property investment.
At Sigma Properties, we have been in awe at the little seeds that our construction projects have sown in 2020, these projects are rising and are gaining momentum in 2021. Projects like Capital Smart City, Lahore Smart City, Nova City Islamabad and Taj Residencia are performing exceptionally well as investment realization continues to expand.
The new real estate market is very suitable for a industrious Persons. I would recommend that you use our advisory services for future investment purposes. It is a reasonable price to pay for choices that will help you make millions, and we will strategically plan your goals with you in advance and help you manage your savings.
Sigma Properties will provide you with a platform where all the best investment opportunities are available. Your investment will be safe with us and we guarantee a return with huge profits. So to avail the advantages that the year of 2021 is bringing, consult with us to meet your residential and investment needs.
The business deals with the buying and selling of land, property, or building. There is a group of people required to gather for forming a real estate company, some of these experts include civil engineers, architect designers, licensed directors, and so on. The real estate industry never gets out of fashion because it is always in demand of buyers and the development also keeps going on. Different regulations are followed in every country concerning their real estate industry rules. In Pakistan, this industry keeps immense importance as it has a great share of the GDP. The consultants involved in the activities of the real estate company in Pakistan are termed as real estate agents, property advisors, and sometimes called property dealers.
Scope of real estate business in Pakistan
The real estate industry holds immense importance for every country in general. However, several benefits are specifically gained by Pakistan in all the years throughout. Some of the points that elaborate the scope of real estate business in Pakistan are mentioned below:
The increasing need
There is a great scope of the real estate business in Pakistan. Many other sectors of business rely on the expansion of the real estate industry. The growth of the real estate industry in that specific country is then again dependent on several other factors.
The money spent
There is almost around a billion of money spent on the development of real estate projects each year. The worth of the real estate sector in Pakistan holds immense importance, in numbers, it is stated to be somewhere between a dollar 300 to a dollar 500 billion.
PSB Analysis
According to the report analysis of the PBS also known as the Pakistan Bureau of Statistics, the account of construction output holds 2 percent of the overall GDP of the country.
Urbanization needs
The major need for expansion in the real estate industry is because the country Pakistan is in the development stage. However, the greatest need at this time is the boost in the work of every industry that supports a country´s economic growth.
Legal checks
The real estate companies may make sure that the dealings of the property are done by all the legal means. This check and balance are done via the authorities such as the development authority of that specific region.
Helping residents
The real estate industry has a lot of working companies working in the field. This is eventually helping all the residents who need the home. Not just the consultants are provided to guide the buyers well but the tax heavy residents are given the option of an easy payment plan so that they make the payments very easily.
The development of the country
The country is getting strong support from the work of real estate companies. This is done in such a way that rapid development is done all over the cities. This is return is increasing urbanization along with the benefits of being a tourist attraction.
Economic development
The real estate industry also directly and also indirectly helps in the economic development of the country.
Investors are greatly benefited
The investors are making a lot of money by renting out their properties. The investors may also make a huge amount of money just by reselling their bought property. This way of making money is the easiest as there is not much hard work involved.
Stabled cash flows
One of the other benefits of the real estate industry that Pakistan gets is stable cash flows. These are some of the benefits of real estate businesses in Pakistan. However, there are several more to these depending on the kind of real estate kind and the time. Such as in the times of the novel coronavirus the real estate has flourished a lot in Islamabad and Lahore specifically.
Conclusion
As explained above the real estate keeps immense importance in most aspects. The real estate industry is never getting out of trend as the development of societies and urbanization also keeps going on as a continuous process. Moreover, the demand will also always stay as everyone wants a house for their living.
The real estate industry is a thing that never gets outdated. Each day there are millions of people all around the world who are in search of the property. When purchasing a property, everyone desires a consultant who can guide them well. However, several things are different with the regions, such as in Pakistan certain specific things that may guide you on how to become a property dealer in Pakistan.
Such consultants are required to acquire a piece of sufficient knowledge about the area they deal with. The real estate agents not only guide the people about the property, but they are also helping people in getting the knowledge about the future of their invested amounts. As the purchase of the land or a ready-made property involves a very huge amount of money, the investors are very particular about the dealers and their firm knowledge.
Generally, there are a lot of real estate agents that are in practice, but not everyone gets the success. This is because others lack the skill in this field.
How to become a property dealer in Pakistan
There is a list of several things that may help you know that how to become a property dealer in Pakistan. If you follow these tips and tricks, then chances are that you may become a successful property dealer in the country. Some of these are precisely explained below:
Sufficient knowledge
The real estate agents are required to have sufficient knowledge about the property dealings. They should be efficient enough to recommend to the customers the different ways they can invest their money. The investors can have general knowledge from the internet or the word of mouth, so a property dealer should have knowledge that is a step ahead of this.
Updated education
The property dealers can be efficient and much more productive with their job only if they keep their knowledge updated on this subject. The property prices keep going up and down, also new developments and restructuring keep happening. The real estate agents are expected to have the most updated form of knowledge.
Tenacious
Real estate agents are required to have a firm hold on the dealings they make. To become a property dealer in Pakistan and to be efficient at your work you are required to be tenacious. People are always looking for a dealer that is unbeaten at his work and stays firm and persistent throughout. Keep follow-ups meanwhile also after the deal is done.
Better communication skills
It is not just the vocabulary that needs to be better, but the dealer is required to have the skill of explaining his knowledge in the best possible way. The property dealer must possess the fine skill of guiding a customer the best. This may include the way of convincing the investor in such a way that it stays a win-win situation for both.
Technological knowledge
One other effective way that indicates how to become a property dealer in Pakistan is to have the necessary know-how of the technological aspect. The property dealers may use the technical knowledge of the up-to-date market to help their clients and sell the property.
Hard work
The hard work is not only about this field, but generally, for any success, the hard work pays off. Hence, one thing suggested for the real estate agents is to be fast, efficient, and hard-working.
Honesty
The best way to become a known and reputable real estate agent is, to be honest. Being honest with dealings will not only make the dealer a trustworthy agent but the future of his career also depends on this. For instance, a property dealer with a corrupt background will not be demanded by anyone. Eventually, his worth will decline in the field. The most wanted thing by an investor and the buyer is the unbiased property dealer. This is to avoid future circumstances.
Strong connections
To become a property dealer in Pakistan, the agent is required to have strong connections and representation. To be successful in the real estate industry, a property dealer should have strong connections. They may have a list of potential buyers who can use it as a resource for future dealings.
Attention to the details
One most important thing that is needed to become a property dealer in Pakistan is to pay very close attention to every detail. No property dealer can be efficient at his work until and unless they are attentive throughout. As seen, the property prices keep changing and so do the tax laws, infrastructure, and zoning rules hence, the dealers are supposed to have the best knowledge of all this so they can guide the customers.
Conclusion
As suggested above, these are the few things that guide on how to become a property dealer in Pakistan. The real estate industry has always got ongoing processes, and it requires its agents to be fast enough to move with the changes.
Sigma Properties is one of the most successful names in the industry. They have a record of fair dealings for the past several years.
