Thursday 26 March 2015

Foreign investors taking interest in real estate sector

KARACHI -  Real Estate sector attracted an increasing number of foreign investors, as seen by the recent boost in the number of overseas property-seekers accessing the property website.
A renown web portal receives the most number of foreign views from USA since a large number of overseas Pakistanis live there.” The data shows, USA is the leading foreign investor in Pakistan’s real estate market.  Data shows that the top five countries investing in the local real estate sector are: the USA, Saudi Arabia, the United Arab Emirates, the United Kingdom and Canada. It comes at a time when Pakistan’s buoyant real estate sector is seeing increasing interest from foreign investors. The demand for residential and commercial property has risen by up to 15 percent in the first three months of 2015. This trend is expected to accelerate throughout the year. The three-day Association of Builders and Developers (ABAD) expo held in 2014, sparked international interest in the property and construction sectors. About 30 foreign companies from the construction and allied industries participated in the event.

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