Lamudis research keeps positive outlook for real estate

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STAFF REPORT LHR: Pakistans multi-billion- dollar real estate industry holds a bright future in 2016, despite being affected


by issues such as housing shortages, increasing taxes and lack of transparency in property according to a new report on


Pakistans property market.


The findings are contained in new research conducted by Pakistans best real estate website, Lamudi.pk.


The report focuses on a series of online surveys of both real estate agents and customers as well as property experts


interviews and Lamudis onsite data.


The research examines the change in real estate trends between 2014-15, the online property-hunting trends, changes inreal


estate prices, the renting vs. buying patterns of Pakistani house-hunters, the rising demand of sustainable homes, impact of


change in oil prices on Pakistans real estate sector and much more.


The first survey of real estate agents examines the progress of Pakistans property market, the shift from offline to online


medium and their outlook for 2016. According to the Lamudi Agents Survey, 78 percent believe that the outlook for Pakistan


real estate is positive.


According to the Lamudi customers survey, more than 50 percent of the respondents preferred to buy a house or an


apartment over renting one. Moreover, 36 percent of them think that sustainable features in a home are extremely


important.


Saad Arshed, Country Director of Lamudi Pakistan, offered a statement about his own outlook for the coming year. “I agree


with the overall positive outlook of the agents with whom we work.


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