Real estate plays a vital role in strengthening the economy. It not merely provide building for residential and commercial purposes but also creates jobs and spaces for office, retail and manufacturing.
Believe it or not but real estate investors love Market cycles, they love it when market prices go down and property prices drop, why? Because they buy more for cheap. While everybody is freaking out why economy is struggling that’s when investors come out and buy properties as much as they can.
A big issue most people have is that real estate is not accessible that means it too expensive. Yes! Its expensive but when you invest in right time that same price can lead you to the highest profit ratio.
Anywhere in the world you are accessible to banks as banks provide you credit if you are an employ and proves that you have means to pay money back. These days, many government are offering preferred interest rates when it comes to buying a home so learn about the schemes to take the benefits.
Prime minister Imran khan announced the amount of 30 billions for Naya Pakistan Housing Project. Investors and construction industry urging to benefit from such a huge opportunity. The government wants to extenuating the economic loss during the pandemic. This opportunity will highly benefit investors in order to generate their income and buy their own land. Besides this, those who want to borrow from the bank to construct their house will be given a subsidized interest rate. The interest on 5 marla will be 5% and interest on 10 marla will be 7%.