Real Estate Market of Pakistan
- In Pakistan, the real estate industry is the second largest employer after the agricultural sector, according to a recent World Bank report
- The Real Estate market in Pakistan is projected to reach an estimated value of US$2.11tn by the end of 2025
- The residential sector dominates the real estate market with a projected market value of US$1.49tn in 2024, securing 70% estimated market value share
- On the back of residential units’ shortage and allied commercial space requirements, real estate market is expected to exhibit annual growth rate (CAGR 2024-2028) of 7.04%, translating into a market volume of US$2.77tn by 2028
- Major real estate activities of Pakistan are concentrated in Karachi, Lahore, Islamabad/Rawalpindi due to their dense population, economic prospects and consequently rising housing demand.
Emerging Trends in Real Estate
- Pakistan faces a significant shortage of affordable housing with an estimated demand of 10 million units and a supply gap of 4.5 million units in year 2024.