The concept of living in apartments because of monetary constraints is changing universally and Islamabad is the first city in Pakistan to respond to this trend accordingly. The city is home to some of the country’s most expensive flats and boasts a high rise lifestyle beyond luxury. Zameen.com, the renowned portal operating in Pakistan real estate sector, notes a noticeably high spike in the value and demand of flats in Bahria Town Islamabad. With the consistent spike in average sale price of flats in Bahria Town, their rental price is also increasing.
During the first 6 months of 2013, as per the data maintained by Zameen.com, the average month on month sale price hike for 5 marla 2-bedroom apartments in Bahria Town is about 10%. In January 2013, the average asking price of 5 marla 2-bedroom apartments in Bahria Town Islamabad was Rs. 3,262,500 which has now well crossed the 5 million mark by experiencing a price hike of 60.5%. Since most of the apartment projects in Bahria Town are under construction right now, it is expected that their sale price will augment further with time. Investors too are aware of this fact, which explains why the demand of these flats is rising.
When it comes to letting property, flats have more candidates, which make them a better option for generating a steady stream of income. Since Islamabad is home to people from different cities of Pakistan who stay here for job and education, flats are quite high in demand. Considering their demand as well as usability in terms of privacy, security, facilities and accessibility, flats make a great investment option in Islamabad. With such impressive performance and price hike and further elevation expected in their value, investing in Bahria Town flats in Islamabad have become the new trend in Islamabad real estate sector.
If you are also looking to invest a few million rupees in real estate sector of the capital, do consider investing in flats.