Lahore - After 5 years of stagnant market, several high-end areas of Pakistan real estate sector recorded incredible hikes in 2012. According to Data released by Zameen.com, the General Election 2013 failed to bring the property rates down in most of the posh developments in Pakistan. The portal also notices a rise in property demand in Lahore and Islamabad, where 34.45PC of the total number of visitors on the portal browsed properties in Lahore while 28.85pc of the visitors searched the pages specified for real estate developments in Islamabad.
This strong demand pushed the property price up in some areas of Lahore and Islamabad. According to data, value of 5, 10, 20, and 40 Marla houses in all major cities of Pakistan increased 8pc during the first quarter of 2013. The real estate agents believe that the market will pick up more aggressively after the election as a lot of overseas Pakistanis will be flying back home to cast their votes.