Challenges and Problems Faced by Islamabad Real Estate Industry
Although, the real estate sector has always gained interest of buyers and sellers in Pakistan especially in the modern and growing city of Islamabad, there are some factors which has effected the growth of this industry here.
Islamabad’s property market has experienced slow activity and depressed prices in the last few years. It seems to be improving in 2014 and the current year. Political instability has affected Pakistan’s economy as well as the real estate sector.
The threat of Martial Laws over the past decades, the recent protests by political parties, has negatively effected the business activities in the city. The property prices fluctuate a lot due to these problems which discourage the investors.
Taxation is also a major issue, before it was doing well but heavy taxes on property has slowed down the process to an extent. These are some major challenges but still Islamabad Real Estate remains and will be a prime attraction for investors in the country.