GWADAR is the apple of investors’ eyes
Gwadar is a port city that is located on the shores of Arabian Sea, in the southern coast of province Balochistan, Pakistan. Gwadar is neighboring Iran, Oman, Muscat and Persian Gulf. Gwadar is famous for its natural deep water port with great potential to be used for sea trading in the near future.
Importance of Gwadar
Historically Gwadar was a small fishing port. In 2001, the government of Pakistan started the development of Gwadar Port with the vision to use it for sea trade. The fate of Gwadar tremendously changed in 2015, with the interest of China to invest $46 billion for the development of Gwadar Port and China Pakistan Economic Corridor (CPEC). This development is the part of China’s vision of One Belt, One Road.
Advantages of Gwadar Port to China and Pakistan
Fully functional Gwadar Port will provide enormous advantages to China and Pakistan. China will get the shortest route to Middle Eastern / Gulf Countries. China will use CPEC & Gwadar Port to import oil and export goods to Gulf / Middle Eastern Countries. For Pakistan, Gwadar Port will be a major sea trading port that will create 1 million jobs and will greatly contribute to the national economy. Pakistan will be able to transform its old infrastructure with the modern one and also it will help to solve its energy crisis. Pakistan will see its own INDUSTRIAL REVOLUTION as China and Pakistan will build industries along the route of CPEC.
Real estate investments in Gwadar
With the announcement of China Pakistan Economic Corridor in 2015, buyers and investors flocked to Gwadar to buy properties. Investors are securing residential and commercial lands for future developments. Investors are focusing on the future land demand for huge projects that will be required in Gwadar. This investment pattern is similar to the huge property investments of 2005. In 2005 people heavily invested in Gwadar real estate sector but sustained huge losses due to law & order situation and lack of funds for development projects. But this time development work is in full swing, as China is providing the development funds.
Property price trends in Gwadar
Due to the fast pace of construction work, buyers are securing residential & commercial properties in Gwadar. Due to the massive investment in Gwadar real estate sector, property prices have increased by 500% since 2015. Now Gwadar real estate sector is the best performing real estate sector of the world. Real estate experts have dubbed Gwadar as world’s top real estate hotspot for property investments with great prospects of high returns.
Future potential of Gwadar property sector
Gwadar is at the moment in planning phase. We can see many real estate projects in Gwadar that are under construction or in planning phase. Gwadar will be a world Mega City and one of the busiest trading hubs of the world. Many experts say that Gwadar will transform the fate of Pakistani nation. China is investing in Gwadar to make it fully functional in short span of time. Property prices in future will see more rises. This is the right time to secure hot residential and commercial properties in Gwadar to get high returns in the near future. The property price trends of last year will continue for many years to come.