Gwadar is a coastal city of Pakistan located in the province Balochistan. Gwadar has natural deep sea port. China has recently signed a deal with Pakistan of $46 billion to develop Gwadar port and Gwadar-Kashgar Economic Corridor. Pakistan and China also signed a 40 years management deal. According to this deal China got 40 years management rights of Gwadar Port. Gwadar Port will be fully functional by 2017. All these developments will make Gwadar an international city and major world economic hub.
Why Gwadar will become the most expensive city of Pakistan to buy property?
Currently Karachi is the most expensive city of Pakistan to buy property. But Gwadar is soon going to replace Karachi as the most expensive city of Pakistan to buy property. Following factors will make Gwadar the most expensive city of Pakistan to buy property:-
Gwadar: Future economic hub of Pakistan
Countries with world-class economic hubs like international sea ports are always expensive. Gwadar is soon going to replace Port of Karachi and Port Qasim as the major trading port of Pakistan. Gwadar Port will play major role in Pakistani economy due to its strategic importance. China and Pakistan will use Gwadar Port for trade with Middle Eastern and Central Asian Countries. Due to the large economic growth and business activities, people will flock to Gwadar to avail good business opportunities and population of Gwadar will increase. This will ultimately result in increasing the prices of real estate in Gwadar.
Gwadar will create millions of aspiring jobs
Cities that have world class business districts that create aspiring jobs are always sought after cities. Real estate is always expensive in cities that have world class business district as people always want to relocate in the areas that create dream jobs. Hong Kong, New York, London, Beijing and Paris are the expensive cities to buy property as these cities are famous for creating dream jobs. Gwadar port is going to create 20 millions of high paying jobs for the professionals related to port industry, oil industry, engineering industry and constructions sector. People from across Pakistan will flock to Gwadar in search of dream jobs. This will highly increase the population of Gwadar and property prices will rise.
Better Law and Order Situation in Gwadar
Cities that have high level of security are always expensive as people are always willing to pay more for peace and security. This is why that Paris, London, Moscow, Beijing and New York are very expensive cities to buy property as these cities have high level of security. Similarly, Gwadar also has high level of security. Pakistan law enforcement agencies are working day and night to provide good law and order in Gwadar. Better law and order situation in Gwadar will increase the population and property prices will increase.
Good medical, educational & recreational facilities in Gwadar
Cities with good educational, medical and recreational facilities are always expensive as people want to live in these cities. Government of Pakistan is developing schools, hospitals, colleges, universities and parks in Gwadar for the general public. These all facilities will attract large number of people and ultimately Gwadar real estate prices will see massive hike.
Gwadar is world’s top real estate property investment hotspot
Gwadar Real Estate is once again booming. Property rates are already witnessing massive hike in Gwadar. Property prices in many parts of Gwadar have risen nearly 5 times. This real estate boom in Gwadar is due to its strategic location and potential to yield high returns on property investments. This is the right time to invest in real estate sector of Gwadar to get high profits in the near future as Gwadar is world’s real estate property investment hotspot no. 1.