Pakistan Real Estate News & Pakistan Property News & Latest Updates

The evidence relies on a drop in sales in the pre-construction market over the previous two years after mortgage rates started to climb. Homebuyer demand declined but house costs truly rose 2% to 5% greater by the top of 2023 versus a yr ago. The alerts for 2024 are for slightly improved stock, more selection for buyers. But purchaser demand is inching greater too, so the market balance looks like it will proceed into the following yr, which means the housing market is unlikely to crash anytime soon. Meanwhile, owners who would usually promote their properties to downsize or move up have a stronger financial starting point to work from thanks to record progress in house fairness in current years.

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As of June, 62% of house owners with mortgages had rates beneath 4%, and 92% had rates below 6%. Kolkata’s real estate market showed resilience in 2024 post-pandemic, with elevated flat gross sales across numerous price segments. Affordable housing demand soared, supported by new launches and workplace transactions knowledge analyzed by CBRE South Asia.

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