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Evaluating growing demand for affordable houses in Karachi

Karachi: According to a recent report, the city of Lights has experienced an incredible rise in the demand for housing during the past three years (2018 to 2020). The overall demand for properties nearly expanded in this period, with an increase of about 103%. The rise in the demand for plots was the lowest at 49%, while it was the highest for houses at 132%. Houses and flats (122%) were the primary contributors to that increase in demand.

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The prices of houses have also been trending upwards, even more than the prices of apartments and plots. The average price of a 125-sq yd house in Karachi increased by 35%, while the price of 250-sq yd and 500 sq. yd houses increased by 17% and 13% respectively. The average rental yield for houses has remained at about 4.5% during this period.

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All of these are some of the factors that invest Oasis Park Residencia an incredibly valuable investment. Approved by the Sindh Building Control Authority (SBCA), these 120 sq yd villas have a projected a capital gain of nearly 40% during the next four years. To top it off, once the project becomes populated, the capital gains are expected to rise even further.

For more information, visit our website Property News.

 

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