7 Types Of Properties In Pakistan You Need To Know

Did you know that the real estate sector in Pakistan contributes about 3 percent to the country’s GDP? Real estate has always been a favorite investment choice in Pakistan, as it carries minimum risk and stable growth over time.

A real estate property is a piece of land or any structure built on that land, along with all natural resources on it. Its value is determined by multiple factors, which include its location, size, condition, market trends, and economic stability of the country.

To make successful investments in the real estate sector, you should have a clear understanding of the types of properties in Pakistan. This blog will help you understand the available types in the market.

Different Types Of Real Estate Properties In Pakistan

The Realvisory has gathered different types of real estate properties in Pakistan so you can better understand the industry.

Plots:

A plot is an undeveloped, empty piece of land found in residential, commercial, or industrial areas of the country. It can be privately owned by an individual, a family, or a private organization.

Plots are always the preferred investment for Pakistanis and are Pakistan's most commonly traded real estate property. The value of a plot depends on its location, size, country’s economic stability, and current market trends.

Residential Properties:

Residential properties are one of the top picks among Pakistanis in the real estate sector. A property falls into the category of residential property when it provides living space and fully serves the purpose of a residence.

There is a wide range of residential properties in Pakistan, which include apartments, duplexes, homes, and farmhouses. The value of these types of properties is determined by their neighborhood, size, available utilities, and amenities that come with it.

Commercial Properties:

Commercial properties are owned by individuals, families, and private organizations for the sake of commercial activities. These properties exist either within residential areas or in dedicated commercial and industrial zones.

There are so many options available in the commercial property category, which include retail outlets, dining spots, hotels, and recreational facilities. But, the most common ones are office spaces and local shops.

Mixed-Use Properties:

Besides the dedicated usage of a property type, either residential or commercial, there are mixed-use properties in Pakistan. It is a hybrid option that incorporates both residential and commercial properties and serves for both purposes.

The ground floor is usually dedicated to commercial activities such as supermarkets, shops, and showrooms, whereas the upper floors are allocated for residential spaces. These mixed-use properties are pretty common in the urban areas of the country.

Industrial Properties:

The demand for industrial properties in Pakistan keeps soaring because of urbanization and economic expansion in the country. It includes manufacturing facilities, storage centers, and assembling units.

These types of properties can be privately owned by an individual or a private organization and are positioned in the designated industrial zones of the country. The key difference between commercial and industrial properties is in their size, operational laws, and construction permits.

Agricultural Properties:

Pakistan is an agricultural country, which is the reason for the high demand for agricultural properties in Pakistan. These properties are used for the growth and cultivation of fruits, vegetables, and other crops.

The agricultural properties are typically located in rural areas where exists proper irrigation and drainage systems and large storage facilities. They can be owned by an individual, a family, or a private company.

Government Properties:

This category of real estate property is officially owned by the government of Pakistan. It includes places like hospitals, parks, and educational institutes.

The use and availability of these types of properties are completely controlled by the state itself, although individuals and private organizations can lease these properties under certain conditions.

In Summary:

Whether you’re an overseas Pakistani or living in the country, you can choose the right property based on your needs and budget and receive great returns on your investment.