If you are an overseas Pakistani and looking for a way to save your money and future, then real estate is the only market providing the best investment opportunity in Pakistan. The reason for investment in this market is that it is not volatile like the stock market. Moreover, you will never face a loss if you invest in any property. The government of Pakistan has already eased the process for overseas Pakistanis by providing facilities that are helpful for the easy transfer of money, such as the sohni dharti remittances program. The reduction in property taxes has also helped the market grow by leaps and bounds. Let’s go through the reasons that prove why investment in real estate is the best option for overseas Pakistanis.
It would be a one-time effort for overseas Pakistanis to invest in the real estate market. There are such facilities that can help you to trust the procedure. The government of Pakistan has introduced “Roshan Digital Accounts” that will aid in easy transfer of money, investment in real estate while attracting our country fellows to send money to Pakistan. You don’t need to go to a bank or embassy physically.
Market is Flourishing
The new infrastructure projects, either residential or commercial, are in notice of the government. With the addition of CPEC ( China, Pakistan ), overseas can enjoy the best investment opportunity. Real estate contributes 70% to 75% to the country’s total wealth. If it grows, then the economy grows. It has been growing day by day in Pakistan. More and more people are investing in it. So, this is the right time to invest in the right place.
Advancement in Technology
Technology has revolutionized the ways of life. It is not difficult to visit a place even if you are sitting outside the country. You can do a virtual tour of your property; you can analyze the market and see prizes within seconds. There are dedicated websites where you can search about any property, and they are time-saving. The following factors have a positive impact on the real estate market.
- Artificial intelligence
- Virtual reality
- Social media
Government Relief Packages
The government has introduced a construction relief package to overcome the economic crisis due to COVID. This package offers relaxation on withholding tax in construction material. This has benefited the construction as well as real estate in better ways.
Tax filing for Overseas Pakistanis
Overseas Pakistanis can now easily invest in Pakistan’s real estate market. Before purchasing any land, the government made it mandatory for investors to file tax returns. Overseas Pakistanis are not subject to taxation, but they must pay property tax once they purchase property in Pakistan. This will also increase remittances and help the country’s financial problems. This is part of the current government’s strategy for bolstering Pakistan’s economy.
Guide for Overseas Pakistanis
It is not easy to trust anything when spending money on a large amount. Moreover, many fraudulent companies can play with your future. So, it would help if you kept the following things in mind before investing.
Is this Project Safe?
You must only invest in projects approved by authorities, such as Lahore development or capital development authority. You must also check that the government approves the residential scheme. If the property has that approval, you can trust and invest In that.
Houses or Farmhouse
Whenever you think of investing, you must have a keen observation of market trends. Modern lifestyles are introduced with the arrival of modernism that includes farmhouse living. Investing in farmhouses is also the best investment opportunity in Pakistan because it will give sure returns. You can rent that out and enjoy the cash flow or arrange your family gatherings in them that are impossible to do in houses. https://princetonfarms.com.pk/why-a-farmhouse-instead-of-a-simple-house/
Beware of Scams
Hiring a real estate agent is better than getting your work done. You may also consult with those marketing companies who have built their trust in past years. Experts know more than commoners. You must not trust any street broker for your money. The decision is wise only when you consult wisely.
Record of Ownership
You should check a historical record of ownership before any further steps. It will save you from future liabilities.
Demand original documents
You may face people in the market who will feel hesitant while showing actual documents. You may take it as a red flag. You should always demand an original copy of the registry.
Without delay, start investing today in Princeton Farms and enjoy the perks of being overseas Pakistanis. It is the best time to invest in the real estate market because the market is at its peak position, and your investment will never go in vain.