Agreement for the security of overseas
But the real estate business isn’t just about buying and selling properties. It’s also connected to a whole bunch of other industries that make things like steel, cement, bricks, bathrooms stuff, wood, and fancy rocks.
Offers Employments
When people build or renovate houses or buildings, they need all these materials, which means these industries get a lot of business from the real estate sector. Plus, there are tons of jobs in these industries, so the real estate sector
Demand is rising in search of better
In the capital of Pakistan, Islamabad there’s a huge demand for places to live. That’s because more and more people are moving from the countryside to the cities in search of better opportunities, like jobs and education. But there aren’t enough houses or apartments for everyone, so the ones that are available are in high demand.
Elevating Prices of Property
The prices of properties is increasing making them more expensive to buy or rent. So, people are willing to pay a lot to live in these cities, making the real estate sector even more important.
One reason for this high demand is the lack of enough homes and apartments. Many people are moving from rural areas to cities, and the population keeps growing. Additionally, the quality of life in older neighborhoods has gotten really bad, so people are looking for nicer places to live, like newer areas.
A Real Estate Investment Trust ( REIT)
A Real Estate Investment Trust (or REIT) is a way to make the real estate business more formal in Pakistan. It works like this: a bunch of people put their money together, and then this money gets invested in real estate projects. There’s a company in charge of managing this money, and they take a fee for doing it. Whatever money is left after paying the fee gets passed on to the investors.
Ease of Buying Property
REIT offers regular investors a chance to invest in high-quality real estate projects without having to buy them outright. Within three years of sorting out all the money stuff, like investments and loans, the REIT has to be listed on the stock exchange. This is something new and different in the real estate world, where buying properties usually requires a lot of money upfront.
