How much do real estate agents make in Pakistan?

 

Just like any other corner of the world, real estate and lodging is the basic necessity of the masses in the country. Keeping in view the population boom in the country, and land demand for lodging and investment purposes, real estate is the most stable market in Pakistan. Its contemporary industries contribute more than 30% to Pakistan's GDP. Real estate agents are the backbone of this industry, so it is a very suitable career option in Pakistan. With a little insight into the market, a person can earn a good real estate business salary in this industry. A real estate agency can easily make millions by simply getting good real estate agents on board and serving customers' interests. And above all, now the educated lot is taking over this industry. Patwari and Munshi culture is almost eliminated even from the remote areas of the country and highly educated people are coming into this business. This is changing the dimensions of the industry and making real estate a world where there are good career opportunities for people from all sorts of backgrounds. People, especially youngsters who are committed to finding good career options that meet their financial objectives all while providing opportunities for advancement, stepping into this market is the perfect option for them.

Real estate career in Pakistan

A private institution, SalaryExpert, which is powered by the Economic Research Institute based in California, conducted a very detailed survey on real estate as a career. Here is the crux of all of their findings:

• The average base salary of real estate agents is Rs 1,452,996 (PKR)/yr
• The average hourly real estate business salary is Rs 698.56 (PKR)/hr
• The average bonus real estate agents earn is Rs 217,078 (PKR)/yr
• Entry-level salary in the country is PKR 860,800
• A senior-level real estate agent (8+ years of experience) earns an average salary of Rs 1,859,810
• The estimated salary after 5 years, in 2026 is Rs 2,504,027 (PKR) (a 72% increase. More than any other field currently)
• Almost 53% of real estate agents have completed high school or more.

Becoming a real estate agent in Pakistan

As there are presently no institutions offering certification, real estate agents in Pakistan are not legally required to be registered and get a license.

Everyone can step into the world of real estate. But afterward what makes a person stand out as a real estate agent is his industry knowledge, time investment, and customer service. These factors vary from person to person but here are some of the ways of starting in this industry on the right foot. 

Know real estate laws and taxes

Real estate agents cannot be successful without sufficient knowledge about real estate laws and taxes. Especially about the local area. Good knowledge about the locality, awareness about types of properties and their sale status, government rules and regulations, and knowledge about the conditions associated with the sale of property are some of the critical factors which real estate agents know about. 

Assisting established agents

Working with established real estate agents or a reputed real estate agency is the best way to gain hands-on experience in the industry and different aspects of the market. These entities or individuals have spent their due time in the industry and are dealing with the market on a day-to-day basis. Once you have learned the tactics and developed a good understanding of how the market is operating, you can start your autonomous practice. 

Built connections and PR

Learning how to develop good PR and connections in the industry is one of the most skills a real estate agent should possess. By forming connections with buyers and with fellow realtors, you can drive a very good volume of leads. 

While building the connections, you should stick to the motto of “quality over quantity”. Just build good relations and keep following up with those leads. Some effective ways to make connections in this industry are:

• Do not take online networking for granted. This industry, especially from a buyers' perspective, has heavily shifted to online platforms. For example, there are several discussion forums on Facebook where buyers are asking questions regarding real estate all the time. As a real estate agent or real estate agency, these online channels can be the goldmines for you to find leads as well as develop connections.
• Maximum engagement in the local community. Unless you are operating on a corporate level, all of your business is in your locality. Some effective ways are sponsoring local events, speaking at events, hosting walks, or simply partnering up with local businesses.
• Listen actively. This can help you understand better what exactly your potential client is looking for. Serving clients as per your expectations can help you develop a good reputation in the industry.  
• Once you have done the networking, following up with prospects is equally important. You can simply give them a call or send them an email whenever you come across real estate or deals that might interest them or fulfill their investment needs. 

Real estate business salary

Real estate business salaries can be highly lucrative but in the end, the salary can vary from one real estate agent to another. Starting from a few thousand, it can go up to millions depending upon the properties you are dealing with and the experience one has. In short, the business of real estate is highly demanding but can turn out really profitable, especially if one sticks to it for the long run and invests efforts in it. 

If you are just starting in the industry, we highly recommend you start with a reputable real estate agency. There you’ll work under the supervision of a seasoned professional, have plenty of opportunities to develop your reputation in the industry as a real estate agent, and above all understand how this business is working. Moreover, you can also pick out which segment or division of the industry works for you. 

 

Which investments have the best returns in Pakistan?

Pakistan is the land of opportunities. It offers opportunities for everyone especially when it comes to investments but the only problem is that most people are not aware of investment prospects. A huge portion of the masses thinks that keeping savings in the form of cash is a viable option and while doing so, they do not consider that inflation and devaluation of currency will decrease the worth of their savings over time. The only wise option for savings is investing it in some prospect so the savings keep on growing with time. Besides, the Pakistani economy is flourishing over time and many good investment potentials have emerged over time. 

Here are some of the top investment opportunities in Pakistan.

Real Estate

No other investment option in Pakistan can top the opportunities real estate offers. Being the largest sector in Pakistan after agriculture, the opportunities on this spectrum are unlimited. 

As declared by different official and semi-official sources, the real estate industry’s worth stands between $300 and $400 billion by 2020. Considering the overwhelming growth in the past few months, the worth of the documented sector is substantially higher than $400 billion. Unofficial estimates place the figure anywhere between 700 and 950 billion dollars.

Despite Covid-19 -pandemic, strict lockdown, and other internal issues of Pakistan, this industry is showing trends of the boom from the past 5 years. A number of privately owned good prospects emerged on the spectrum i.e.Nova City housing society Pakistan, Smart City Lahore, Capital Smart City, and Park View City Islamabad. All of these were launched just a while back but they have already started to return a very good yield of returns to the investors. 

Real estate investment is no doubt the finest investment option in Pakistan but unfortunately, the business is rife with unscrupulous tactics. Also, investing at the wrong time or putting money in the wrong schemes can lead to significant monetary loss. If you aren’t aware of the market, you should always seek help from a reputable real estate agency. Even if you are not looking to buy the property and merely need information such as SmartCity Lahore location or updated Capital Smart City prices, always turn to these credible sources. 

 

Gold

Gold investment has always been a very popular investment choice in the country. There is very little evidence in history when gold prices moved backward. Even if they did, there wasn’t any sharp decline. 

Here, investment in gold does not mean buying gold jewelry. Investment in gold is referred to as Bullion which is gold and silver investment. In this investment, gold is kept in the form of bars, ingots, or coins and it is 99.5 percent pure. These bars, coins, or ingots, which are popularly known as gold biscuits in Pakistan.

Stock Market

At the professional or higher level, the stock market is the popular choice among investors. 

Usually, Pakistanis are resistant to putting their money in the stock exchange, but with a good understanding of the market and the right choices, it can be very profitable.  

Investment in Bonds

Investment in bonds means buying prize bonds. It is the easiest and safest option and can be started with an amount as low as 100 or two hundred rupees. 

Prize bonds are offered by National Savings under the direct supervision of the State Bank of Pakistan (SBP). In case you win on several prize bonds or even one of bigger value, for example, prize bond of 40,000 which offers a first prize of 75,000,000, 2nd of 25,000,000, and third prize of 500,000, that is a very good and quick return. And if you cannot win a prize, or you need cash at any time, you can instantly convert it into cash. 

Trading in currencies

This is the simplest way of making money and even an amateur investor or person with no market knowledge can earn profits by trading currencies. 

This method is simply exchanging Pakistani Rupees for a foreign currency, such as dollars or pounds, and storing the new money until its value rises. Unfortunately, the Pakistani rupee is depreciating. When foreign currency is converted back after the rates reach greater levels than what it was purchased for earlier, leaving the buyer with a profit.

Investment in the food sector

Food is the most essential commodity. And being an agricultural country, and Pakistanis love for delicious food opens a lot of opportunities. 

If you have money and a good understanding of your local market, you can start a food outlet of your own. If you have a good volume of money to invest, you can buy a franchise of a well-known food chain i.e. McDonald's, Burger King, et cetera. These food chains offer basic setup and training and all thanks to the already reputation of the brand, you can start investing profits right away!

Health Sector

Every person's life is impacted by health difficulties to some extent. In Pakistan, demand for medications and medical equipment is usually high owing to a variety of variables, particularly in the current socio-economic climate. Take the Covid pandemic example. Masks, hand sanitizers, and even basic medicines like Panadol were in high demand. A tremendous amount of medical equipment and associated items were imported into Pakistan, leaving importers with massive profits.

You may establish a highly successful medical or pharmacy business in Pakistan with a small investment.

Conclusion

Pakistan offers so many opportunities to everyone with so much natural and human resource potential. A person can start it for as little as just Rs. 100. From this broad collection of possibilities, you can easily find the option that suits your investment needs best. 

The recent indicators of economic stability are positive, and this will lead to economic development and the country's ascension to the status of a developed nation in the near future. So, if you’re looking forward to investing, now is the right time. All you need to do is find the best option for you! 

 

HOW MUCH DOES LAND COST IN ISLAMABAD?

Islamabad is the capital of Pakistan which is the second most beautiful capital in the world. Many people dream to live in this scenic city where all the facilities are available and people can live in peace and comfort. It is the ninth-largest city in Pakistan where millions of people are living a satisfactory and peaceful lifestyle. 

Islamabad is a metropolitan city that is abundant in greenery, safety, and posh lifestyle, so usually, people dream to live here, but this city is quite an expensive one. All the basic life necessities are available in this city. 

Many amazing real estate ventures are operating here that are providing a lucrative and amazing lifestyle to people.This city is home to expensive and affordable projects at a time, so the living dream of people in Islamabad can be fulfilled easily. 

The prices of land in Islamabad can vary according to the proximity of that land and its nearness to the major areas of twin cities. For example, The prices of land in major sectors of Islamabad like F, G, H, I sectors are skyrocketing. These are the posh areas of Islamabad, but few economical ventures are also running in Islamabad. 

Some of the affordable real estate projects in Islamabad are:

·        CAPITAL SMART CITY

·        BLUE WORLD CITY

·        NOVA CITY ISLAMABAD

·        RUDN ENCLAVE

·        WHISPERING PINES etc. 

Some of the expensive projects are:

·        DHA

·        Bharia Town

·        Emaar

·        Eighteen

·        Taj Residencia etc. 

For your info:

Are you looking to invest in Islamabad but don’t know where to pool money? Try investing in Rudn Enclave Rawalpindi, Nova City Islamabad, Capital Smart City Islamabad. All these projects are affordable yet lucrative. 

Investors Go Global to Profit from Real Estate Boom

Investors all over the world are looking for opportunities that can give them a handful of cash. For that purpose, real estate investment is one of the best options as it provides you some benefits which other investment options cannot provide. In Pakistan, real estate investment is considered one of the safest investment plans. The rise of housing societies in different cities of the country has gained people’s trust. They are investing in good locations. Islamabad Capital Smart City location and map is one of the many examples. 

Investment in real estate diversifies the portfolio of the investors, it allows them to earn side income and provides certain tax benefits. The real estate industry is booming and providing numerous opportunities to the people linked with this field. Most investors start investing in property from their area, city, or country but as the market is growing new doors of opportunities are waiting for people. Residents of Islamabad can take guidance from a real estate agency in Islamabad. 

Investors are investing in real estate from all over the world as it has a high-profit rate in less time. Investors looking for an opportunity to invest in real estate in a foreign country should invest wisely with a proper plan. The laws of each country are different, hence the investor needs to understand the rules of the country before investing in any country.  An international real estate investor can invest in commercial, residential, or agricultural land depending upon their interest and the country’s condition. 

Benefits of investing in the International real estate market

The benefits of real estate investment on an international level are dependent upon many factors. Real estate investment on an international level helps the investors to diversify their portfolio, it creates new opportunities for them in other countries.  Such investments in properties act as a second home for them. To find properties in Lahore, check Lahore's real estate offices. 

Investing to build a second home in a foreign country

People start initiating international real estate investment by building their second home in a foreign country. They can use this property either for personal use or rent when desired. This property can be used for multiple purposes. It can become a vacation home for the investor and their family. If rented, it can become an income generator in a foreign country. It allows them to become a permanent resident of another country or get a foreign nationality or passport. It allows having a second option to them in case of any uncertainty. 

Investing to find an opportunity in emerging markets with growing economies

People living in countries with low GDP (Gross Domestic Product) rate or weak economic conditions can earn benefits by investing in other countries. International real estate investment helps investors to take advantage of the countries that have stable economic conditions. It gives an opportunity to investors to invest in emerging markets with a growing economy. Real estate investment in foreign countries provides an option to escape from the broken economic conditions of the country. 

A second option for a secure future

There is no guarantee of the future, in a world full of uncertainties it is good to have backup plans. Having a property in a different country can provide you a backup plan to avoid uncertain situations. Warfare has changed its shape, as a result, the political and economic condition of countries is changing day by day. This changing condition of economy and politics has worried the people and they have found a secure option for their future in international real estate investment.  In case of worsening political or economic conditions of the country, they can fly away from the country to their second home with stable conditions. If you are a true patriot and want to invest in the capital city of Pakistan, then check real estate companies in Islamabad. 

International real estate investment is not always beneficial, it can have some disadvantages and risks involved too. Everyone knows that investment in any field is risky. With the sugar-coated benefits come the sour grapes of harm. The real estate market fluctuates rapidly, it is uncertain and the changes in this field cannot be anticipated easily. In international real estate marketing, political risks are also involved. Political relations between countries can change the game for international investors completely and that can cause them a huge loss. Like political conditions, economic conditions also fluctuate that influences the real estate market trends and currency rates as well. The fluctuation in the currency rate is the biggest currency risk for the international investor. These risks include fluctuation in the interest rate and tax rate and much more, leading to currency imbalances. Rules and regulations of countries vary, which makes international real estate investment difficult. For international real estate investment, many things need to be taken care of. You need to check the market condition of the country, you need to know the economic growth of the country. Take a deep interest in the political condition of the country as many other factors are dependent upon the political stability of the country. Try to know to which extent corruption and fraud are involved in the real estate of that foreign country. Calculate the risk factor and tax conditions of the country. Don’t forget to evaluate the quality of infrastructure and facilities provided. Use professional help so that you can get better guidance. To get guidance in Islamabad or Lahore visit a real estate agency in Islamabad or Lahore real estate office respectively. 

The current global pandemic situation has changed the conditions for many markets. The economic conditions all over the world have been changed due to COVID 19. In these situations, it is uncertain to make any firm decision. The chances of failure increase, an investor should have to be prepared for such situations. Risks and opportunities are everywhere. Due to uncertain situations like a global pandemic, wise decisions can also turn into bad decisions. But everything gives benefit if done wholeheartedly. So before investing in any field make sure you have gathered enough data. 

Location Advantages of Lahore Smart City

Location plays an important role in the success of any housing project. Any housing project gets extra advantages if it has a good location. A good location can give you monetary benefits. If you are looking for a property then pay special attention to the location. The best location is both, easily accessible and beautiful. A location is considered best suitable if it has all the basic facilities available. If you are looking for a residential plot, choose a location that is away from the busy main road and noise. The pollution and noise produced from the traffic on the main road are not healthy. If you are looking for a commercial plot choose a location that is situated on the main road.  For commercial purposes, it is always advisable to buy a plot that is easy to locate. You would never want to have a shop where customers can’t find you or reach you. Developers know that a location is the most attractive feature of the housing society; hence they make sure to provide the best location to the customers. 

Lahore is the biggest city of Punjab; it is located at the heart of Pakistan. It is the first choice of many people who want to adopt a luxurious and modern lifestyle in Punjab. Sighting the interest of people in making homes in Lahore, two of the biggest real estate developers, Habib Rafiq Pvt Ltd and Future Development Holdings Pvt Ltd have brought the 2nd smart city project of Pakistan to Lahore. Lahore Smart City is the 5th smart city project in Asia. The Capital Smart City proved its worth and became one of the most successful projects in the world. Smart City Lahore is also getting popularity for its exceptional features and location. Lahore Smart City's location is away from the hustle and bustle of the main city. If you are interested in investing in the smart location of Smart City Lahore then here are the advantages of the Lahore Smart City location. 

1. Away from the main city

Smart city projects are providing you an eco-friendly environment. The Lahore Smart City is providing you clean air and water. Lahore Smart City is located away from the main Lahore city and hence making it eligible for a pollution-free, eco-friendly environment. The residents of Lahore Smart City can enjoy a healthy environment away from the hustle and bustle of the city. The noise from the main roads will not bother your peace and you can relax in a peaceful environment. 

2. Access to main roads

Smart City Lahore is located on the left side of Lahore bypass and Kala Shah Kaku Interchange, next to Railway Bridge. It is in proximity to GT Road, M2 motorway, Lahore Ring Road, and Lahore Sialkot motorway. Lahore is the commercial hub hence the access to main roads from the Smart City Lahore makes it easier to take part in financial activities. The connectivity of Smart City Lahore to the main roads makes access to the main city easy. 

3. Neighborhood

The Lahore Smart City is surrounded by other housing societies that are well developed. These housing societies are a few minutes’ drive away. On the western side of the society, the new campus of UET Lahore is located that can be reached within 5 minutes. Neighboring housing societies like DHA Lahore are reachable within 18 minutes while Allama Iqbal Airport, Lahore is also just 18 minutes’ drive away. 

4. Potential

Developers and real estate agents believe that the location of Lahore Smart City is an ideal location to give you and your family a peaceful environment. It has the potential to give good returns in the future as many investors are showing interest in investing in this project. The location of the project also promises future development that is also beneficial for the residents of the city and the investors. 

Though the location is very important for any housing scheme but in Lahore Smart City, location is not the only attraction for this housing project. The facilities provided and the planning of the city is making it an exceptional choice for living a smart and luxurious life. The city is planned to keep in mind the needs of every person in the society. The society is offering 5 Marla, 10 Marla, and 1 Kanal plots at a reasonable price at executive and overseas block. The location of plots is also planned efficiently so that the residential plots are equidistant from the commercial zone, educational zone, or health center within a society. 

Lahore Smart City is a promising project as the project before was a huge success. The Capital Smart city in Islamabad was exceptionally great and people liked the experience provided by the Smart city project in Islamabad. Islamabad Smart City payment plan was exceptionally easy with no hidden terms and conditions. Similarly, Lahore Smart City is attracting the attention of people for its affordable payment plan. The booking process is also simple with an easy down payment.

If you are interested in investing in Smart City Lahore then grab your opportunity now. Many people are looking forward to investing in the Lahore Smart City. People know that investment in the smart city is a smart choice that can give them back a huge profit benefit. Due to its location, Lahore Smart City is creating huge job opportunities for people. Lahore is Pakistan’s biggest city along with that it is a commercial hub and center of financial activities that will give an opportunity to Lahore Smart city to become one of the most important commercial activity hubs. 

The location of the Lahore Smart City is not ideal due to its proximity to main roads but also due to the view it offers to the residents. Residents of Lahore Smart City can enjoy the beautiful view of River Ravi. With its grade 8 developments and efficient management, it is making its name worth calling the smart city. Not only Pakistani investors but foreign investors are also interested in investing in Smart City Lahore. 

What are you waiting for? Go and take the advantages of making an investment in Lahore Smart City now. 

Smartest Ways to Invest in Real Estate and Earn Great Money

The real estate sector is the most lucrative, rewarding and secure sector that one can invest in. The real estate economy is based on the principle of demand and supply. When there is ample supply in the real estate market then it’s a buyer’s market. Consequently, when the demand exceeds the supply of properties in the market then it becomes a seller market. 

What To Do as a real estate investor in Pakistan? 

As a real estate investor in Pakistan, you will also have to do a lot of research and groundwork before you can leap into the real estate market. In Pakistan there are many kinds of real estate investments that you can do. However, the most famous and tried and tested real estate investments are those made in the housing societies whether public or private. For instance, if you are a real estate investor based in Islamabad then you can check out some of the public and private housing schemes located around the suburban region of the city. Similarly, if you are in Lahore or any other city of Pakistan, then you can search for good housing schemes located in the suburbs of your current locale. 

A Great Real Estate Investment

You should always make a real estate investment in a real estate project that enjoys a good location. For instance, if you are looking to invest in and around Islamabad then Park View City Islamabad is a good choice. According to the Park View City Location and Map, this housing scheme is located near to the park road of Islamabad and lies on the main Malot road. The immediate neighborhood of this housing scheme includes real estate projects like Bahria enclave and Park Enclave. Also. Localities like Bani Gala and Bhara Kahu also lie close to this housing scheme. According to the real estate experts of the region, the Park View City is the most favorable society among investors because of its premium location. The park view city installment plan is one of the most comprehensive and affordable in the entire region. 

Similarly, the Park View City Lahore is another great real estate investment that you should invest it. The housing scheme, like the Park View City Islamabad, is a project of the vision group. This means that Vision Group is the sole developer of this housing scheme as well and has left no leaf unturned in making this a great real estate project in Lahore. 

The Conclusion

Another option in suburban Lahore is the world renowned and famous Park View Villas Lahore. The Lahore Park View City payment plan also starts from 20% in down payment with rest of the payment distributed in equal monthly or quarterly option. Apart from Park View Lahore, the Capital Smart City Lahore is also a good option. The CSC is located in the immediate neighborhood of New UET Lahore University and is being developed by world famous Habib Rafiq Group in consortium with urban development companies of Europe and Asia.