Not Crypto: Real-Estate Sector Remains Safe Investment Bet
The wavering cryptocurrency market and low returns in equity markets owing to the pandemic situation have made people invest in the real-estate sector in Pakistan
The incentivization of the real-estate sector in Pakistan is reaping results as the investments in the sector have witnessed a massive rise over the last couple of years.
Besides this, the incentives for the housing and construction sector by the PTI-led government encouraged the opening of some 1,794 real-estate companies in Pakistan in the fiscal year 2020-21 (FY21).
In FY20, some 773 new companies were registered in the country’s real-estate sector.
The lucrative domain is also drawing international firms as leading brand Versace Ceramics is all set to make a multi-million-dollar investment in a luxury housing venture in Lahore.
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New Petrol Price Leave Citizens in The Dumps
The wavering cryptocurrency market and low returns in equity markets owing to the pandemic situation have made people invest in the real-estate sector in Pakistan.
A large number of investors still believe it to be a long-term safe bet despite having alternatives like cryptocurrency which is still far from legal cover.
