Trending Property Types of Twin Cities in Q1 of 2023
The real estate market in Islamabad and Rawalpindi is one of the fastest-growing in Pakistan; however, it suffered in the ongoing economic crises. In the first quarter of 2023, there have been some significant changes in the property types that are trending in these two cities. The real estate market in Islamabad and Rawalpindi has experienced growth, in terms of new launches of housing societies as well as high-rises. The demand for properties has decreased due to various factors, including ongoing economic and other reasons.
In this article, we will discuss the most popular property types in Islamabad and Rawalpindi, and why they are in demand.
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Houses
Houses are also popular in Islamabad and Rawalpindi, especially among families looking for more space and privacy. Houses are usually located in quieter areas, away from the major roads and routes. Additionally, houses offer more space and privacy compared to apartments, making them an attractive option for families with children.
Houses are a classic option for real estate investors, and they remain popular in Islamabad and Rawalpindi. In Q1 2023, the demand for houses is expected to increase, especially in established neighborhoods such as Bahria Enclave and Park Enclave Islamabad, and DHA and Bahria Town in Rawalpindi.
If you are considering investing in houses, you should look for properties that offer a good balance of location, size, and price. You can also consider buying properties that need some renovation or refurbishment, as they can offer a great return on investment in the long run.
Apartments/Flats
Apartments are one of the most popular property types in Islamabad and Rawalpindi. The demand for apartments has increased due to the convenience they offer. Apartments are usually located in prime locations, making them easily accessible to commercial areas, schools, and hospitals. Additionally, apartments are relatively affordable compared to other property types, making them an attractive option for middle-class families and young professionals.
Apartments have always been a popular choice for real estate investors in Islamabad and Rawalpindi. In Q1 2023, the demand for apartments is expected to remain high, especially in prime locations. The reason for this is simple: apartments offer an affordable way to own property in these cities, and they are in high demand among young professionals and families.
If you are looking to invest in apartments, you should consider buying in upcoming projects such as Bahria Town, DHA Islamabad, and Gulberg Islamabad and high-rise projects such as Buraq Heights, Ideas Tower, and Metropole Arcade.
Plots/Land
Plots and land are always popular investment options in Pakistan, and this trend has continued into the first quarter of 2023. Many investors are purchasing land and plots for future development projects, especially in prime locations.
Residential Plots
Residential plots in prime locations are in high demand in both Islamabad and Rawalpindi. These plots offer investors the opportunity to build their dream homes in desirable neighborhoods.
Commercial Plots
Commercial plots are also becoming increasingly popular in both cities. With the growing need for commercial space, investors are purchasing commercial plots for future development projects.
Rudn Enclave, Park View City, Blue World City, Capital Smart City, New Metro City, and New City Paradise are some of the best options to purchase residential and commercial plots.
Commercial Properties
Commercial properties, such as shops and offices, are also in high demand in Islamabad and Rawalpindi. The government’s efforts to promote the real estate sector have attracted a lot of investors, who are looking to invest in commercial properties. Additionally, the increasing number of businesses in these two cities has created a high demand for commercial properties.
The demand for commercial properties has also increased in the first quarter of 2023. With the opening of new businesses and the expansion of existing ones, there is a growing need for commercial properties in both Islamabad and Rawalpindi.
Some of the best projects to purchase commercial properties include Grand Bazaar, Grand Orchard DHA, and Metropole Arcade.
Farmhouses
Farmhouses are gaining popularity in Islamabad and Rawalpindi, especially among wealthy individuals looking for a second home or a vacation home. Farmhouses offer a peaceful retreat from the city and allow people to connect with nature. Additionally, farmhouses are usually located in scenic areas, offering breathtaking views of the mountains and the countryside.
Some of the best farmhouse options to consider are Rudn Enclave, Countryside Farms, Kingdom Valley Farmhouses, and Nova City Farmhouses.
Conclusion
The real estate market in Islamabad and Rawalpindi is experiencing significant growth in the first quarter of 2023. The most popular property types in these two cities include apartments, houses, commercial properties, and farmhouses. These properties are in demand due to various factors, including their location, affordability, and convenience. The future prospects of the real estate market in Islamabad and Rawalpindi are likely to improve, and we can expect to see growth in the coming years.
You can contact Manahil Estate to book any of the trending properties in Islamabad and Rawalpindi in 2023. We provide reliable consultation services and give you a future-oriented perspective of a property before investments. Get in touch now for a variety of investment options that benefit you in the future!
