Real Estate Investment- An Idea That Can Boost Your Future Deal
Everything whatever you do by heart and also with proper planning is always accompanied by success. Of course, when you are deciding to invest in something, you have to be clear in your mind regarding every pros and con related to the investment. But, when you are planning to make real estate investments in Islamabad, although it is very much fruitful nowadays, you need to have up-to-date to the requirements of the property around. Here in this blog, we will be discussing the various necessary elements of real estate investments either for buyers or for sellers.
Real Market Review Of 2018
Most of us probably know how real estate dealers and agents are growing in Islamabad; it's not a big deal to be cheated by them for the benefits of the business. Having some necessary information regarding the real market reviews of real estate business may help you to get a brief idea on it. As per the 2018-19 research and studies, it has been found that the business has grown at the rate of 35-40% per year. Almost every month, a new real estate business is opening up its venture, providing others in the existing markets with newer challenges. In the research, it has also been seen in the study that, as most of the buyers and sellers are not taking initial homework to get bit knowledge on it, it makes them undergo severe losses through the deal. So, we always recommend all our clients around to get a steady idea on their perspective, and we will work on it.
Reasons Behind the Growing up of The Real Estate Market in Islamabad
Islamabad is the world's 2nd most beautiful city. Accordingly, peoples' expectation of having a house of their dream is also very much higher. The industrialization, growing developments, etc. that have been taken place in the town is tremendous and has thus become the most demanding place where everyone wants to make or buy their homes to live. With the increasing foundations in this capital city, the rate of real estate market agents is also staggering to a great extent.
Real Estate Market Outlook
The Prime Minister of Pakistan has addressed some of the reforms in the real estate market in 2018, which are listed below:
- declared the income or assets inclusive of cash that is taxed at 5% at the time of bank deposits.
- The immovable properties will be charged at 1% variable tax and the govt. will also maintain the people's right on acquiring such features at a specific price to exempt, as per the declaration.
- He also declared that from 1st July 2018 onwards, FBR rates would be terminated in all the provinces and they will be asked to abolish the District Commissioner's legacy rates.
- The upper tax limit for local and provincial registration of the property is suggested at 1%
There are undoubtedly other reforms too that were declared by the concerned PM which are yet to mention. But all of the above is that it has made very clear by the govt. to possess a real estate property.
I hope this blog will help you to decide what to do and what not to do while selling or buying any property. Here at our premises, you will get plots on installment in Islamabad too and also can find an incredible collection of properties perfectly match with your desires. We know money matters a lot to everyone, and thus we will suggest your plots based on your budget and preferable costs.
Real estate is an imperishable asset and finding the best source to get it is always a smart decision.