As is the case nearly everywhere else in the world, a lot of Pakistanis are not in a position to own a home of their own, big or small. So they choose to rent a place instead, which has contributed to the development of a thriving rental market across the country.
Pakistan’s major cities of Lahore, Karachi and Islamabad all offer great options for renting, with certain areas much more popular than others in that regard. This report – in part – will take a look at the areas that are the most popular with renters across the country.
Our readers keenly await monthly updates on property rates and other related information from Zameen.com, and this information will be part of our report as well so we can help you make the best and the most well-informed decision.
So let’s get to it.
Rental rates function a little differently than property prices. In essence, both gain or lose value based on the location, facilities, and state of a given property, but rental prices fluctuate less often than property prices, which actively respond to a wide range of external factors.
Below, we will analyse the search trends for rental properties across the three major cities for the month of July 2014. Let’s see who comes out on top.
The landscape in Lahore’s real estate sector is slightly different from a rental perspective, but a lot of the major players still made it into the list of the Top 5 localities for rental homes in Pakistan’s second-largest city.