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Lahore infrastructure projects failed to boost property market

Lahore infrastructure projects to boost property market

Lahore is provincial capital and 13th most populated city of the world. Lahore is also the most advanced city of Pakistan in term of infrastructure developments. Road networks and public transportation facilities are much better as compared to other cities. Lahore is the pioneer of Metro Bus & Train Services; Green Line Bus and Orange Line Metro Train.

Infrastructure work is always hailed as booster for real estate sector. Roads developments have mostly resulted in high property prices due to increase in real estate transactions. This is because many remote areas become accessible and people start investing, due to which property prices increase.

If we see the development trends in Lahore, construction of Northern Loop of Lahore Ring Road started the property boom in 2010. People started buying the properties on both sides of Lahore Ring Road and eventually prices started rising. Northern Loop of LLR uplifted the stagnant real estate sector.

Now we can see many infrastructure projects in Lahore like Orange Line Metro Train and Southern Loop of Lahore Ring Road. But unfortunately this time Lahore infrastructure projects failed to boost property market. Property market is stagnant since early 2017 and property prices are declining. The property price fall is due to less investment in reality sector as per;

Political turmoil in Pakistan

Declining economy

Decreasing purchasing power

Depreciating currency

Low remittances

Crack down on black money

It’s a fact that this time development works have failed to uplift the stagnant real estate sector. Property prices are falling at the moment and will keep falling to the point where honest tax payers’ can afford to buy. If we observe the property market; we can only see sellers but no buyers. Many estate agents have closed their agencies due to record low income.

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(5) Comments

  1. Saqib Haseeb

    on   said 

    Sir marekt bahoot slow ha property ke. Please batain kab tak theek ho ge. Main DHA Lahore ka dealer hoon. Koi koi genuine buyer milta ha our woh bhee ziada rate he poochte hain.

    Reply
    • Saqib Haseeb
      Almost all reasons of slow down of PAKISTAN REAL Estate Market have been mentioned in this blog.
      But at the moment biggest reason is the economic melt down
      Pakistan economy is falling and people are afraid to invest in uncertain circumstances
      When economy will start picking up so will the reality sector.

      Reply
    • RIZWAN

      on   said 

      SAQIB BHAI ITS NOW DOWNFALL FOR PROPERTY MARKET THE DOWNFALL HAS JUST STARTED AND OVERPRICED PROPERTIES WHICH WERE OUT OF REACH OF GENUINE BUYERS WILL NOT BE SOLD UNTIL IT COMES DOWN FROM THE SKY

      Reply

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