By Shahram Haq
Pakistan’s real estate market saw a fluctuating trend in February with some areas showing growth.
According to statistics released by Zameen.com, a property portal, investor sentiments turned towards Gwadar, which is in the limelight due to the China-Pakistan Economic Corridor (CPEC) initiative. Another preference for realty investors remained Gujranwala, as a lot of development is underway in the city and majority of the emerging societies do not come under the tax-net due to lower prices.
Zameen.com CEO Zeeshan Ali Khan said Gwadar is an up and coming market and it has a lot of potential to offer some high returns.“I don’t find it surprising that investors are diverting their attention from Karachi to Gwadar, especially given the highly affordable prices in Gwadar projects at the moment,” Khan said.