Pakistan’s property market is one of the country’s most important and fastest-growing markets. Per year, the nation invests more than $5 billion on building projects. Today, we’ll provide a detailed analysis of the property market in Pakistan. At the Pakistan property market in 2021. We will also address the forecast of the real estate market’s success in light of the present situation and potential future events.
Regardless of the fact that Pakistan’s property market is booming, the country to this day lacks simple housing amenities, such as houses with all of the necessities. This means that there is already a lot of space for development in this industry because people from all walks of life can make a decent living. Let’s discuss the contribution of real estate to Pakistan’s economy.
Contribution of Real Estate to Pakistan’s Economy
Pakistan’s real estate industry is among the country’s most critical economic foundations. Which most of the investors investing more in under developing cities like; Capital smart city, Nova City. According to World Bank estimates, real estate assets account for 60 to 70 per cent of a country’s overall wealth; if we extrapolate this to Pakistan, the estimated size of our property market was around $300 to $400 billion.
- Performance of the Real Estate Industry:
Due to a number of financial, commercial, and political challenges, Pakistani real estate has underperformed. However, we should expect that conditions will improve in 2021, if not suddenly, then eventually. Due to global unrest and fluctuating economic and financial policies, real estate has stalled since 2017. The lack of options for developers and the imposition of a non-filer ban contributed significantly to the real estate sector’s decline.
- FBR’s restrictions
The stringent regulations levied by the FBR on non-filers banking activities deterred investors from investing in the real estate industry in 2018-19. Another factor contributing to the property sector’s decline is the inability to use infrastructure budgets, which resulted in a recession in the construction industry.
- CPEC Initiative:
CPEC is among the few factors we think Pakistan’s property market will boom in the years ahead. The China-Pakistan Economic Corridor is a landmark initiative seen between two nations that have the ability to alter Pakistan’s economic dynamics. Although the CPEC’s substantial economic zones are yet to be developed, we can already see the project’s benefits in the improved power situation and the partial construction of the Lahore to Karachi motorway. Read more about Pakistan Real Estate Market below.
Budget for 2020 – 2021:
The government believes that the budget they are presenting is tax-free, which is a considerable accomplishment given the country’s dire economic condition. The budget was hailed as a significant economic stimulus. The PTI government’s budget for 2020-21 is nothing more than paper, far removed from reality. According to the IMF, Pakistan’s economy is forecast to contract by 1.5 per cent in 2021, while the government expects it to grow by 2.1 per cent. The actual GDP fall will be 4.5 per cent if the government’s inflation rate of 6.5 is considered.
COVID-19 was the last nail in Pakistan’s economy’s fall. Unstable border conditions add to the economy’s difficulties. People are also less likely to invest in real estate because of the unpredictable political and economic situation.
The Debt-to-GDP Ratio Record:
Between 2003 and 2013, the real estate industry was booming. During both boom years, the debt to GDP ratio was decreasing. The debt-to-GDP ratio was 50% in 2003, and that was 65 per cent in 2013. However, the debt-to-GDP ratio is currently at 86 per cent and increasing. As a result, we do not have solid expectations for real estate prices in Pakistan, at least certainly in the immediate future.
Diminishing Buying Power:
The commercial property market’s future buyers include native Pakistani workers, entrepreneurs, and emigrants. However, one of the many problems in the real estate market is the diminishing buying power of such local Pakistanis. On the other hand, Gulf nations have passed legislation requiring private firms to reduce the wages of overseas employees by 40%. According to this ratio, remittances are forecast to drop by about $5 billion in 2020-21, roughly equal to the cost of building one LAC home. In other words, our real estate’s low points will continue.
What does the year 2021 hold for real estate?
In 2020, the real estate industry was impacted by the disease outbreak and an unpredictable political climate. We can only expect that conditions will improve and that the real estate industry will begin to draw buyers in the coming years.
The China-Pakistan Economic Corridor (CPEC) is a significant undertaking. The economic corridor has the potential to attract a large amount of foreign investment. Pakistan’s Gwadar port is connected to China’s Xinjiang capital by the megaproject’s network of roads. This pathway will promote both countries’ trade operations and provide new opportunities and development for Pakistan’s real estate industry. The market for real estate in Gwadar and its environs is projected to increase as the centre of CPEC operations.
Government Challenges: Keeping Projects on Track
The real estate industry has been taken over by ignorant brokers and sellers who lack the experience to guide people further, resulting in theft in the majority of cases. To further secure the interests of land assigned individuals, the nation needs a federal and regional real estate authority. Furthermore, since the method of land acquisition takes many years, there is an urgent need to oversee the building of communities by developers and builders. People’s confidence in real estate authorities will grow, particularly among overseas Pakistanis, who will be able to invest the hard-earned capital in this business without fear of being scammed.
The real estate market in Pakistan is highly volatile. As a result, you must remain alert and informed about the new trends and updates in Pakistan’s real estate industry. Being mindful of current real estate trends will assist you in making a sound and profitable real estate decision. Hope you love reading about Pakistan Real Estate Market.
M Junaid Lead Writer, Content Marketer at Sigma Properties | Park View City , A writer by Day and reader by night
Canvas shapes, sizes, and patterns- Know about canvas prints
Decorating a home has become easy by displaying beautiful photos. However, to make the décor unique, it is good to apply some creativity. To showcase your school photos, childhood photos, and other special moments, you can choose canvas prints. Hexagon canvas and any other canvas designs prove your love for art. Canvas printing is an artistic way of displaying any photo. Your rooms will have a lively look with the presence of the beautiful, printed canvas. Check out some more details about the styles, sizes, and shapes for the printed canvas.
Based on the available space of your walls, you can decide on your canvas types. You can choose between single-panel and multi-panel canvas prints. Single-panel canvas prints are best for too small and too large spaces. When there is larger wall space, you can go for the multi-panel design. You may choose 2 to 10 canvas prints for your walls.
Which canvas shape is the right option for your needs?
Choosing the perfect shape is an important step for your printed canvas. Based on your needs, you can decide on the shape.
Square printed canvas–
As you have chosen a piece of square canvas, it has equal lengths for every side. The shape of the canvas is the most relevant factor in designing a grid layout on the wall. You may also use more than one canvas for your needs.
Rectangular printed canvas–
Two sides of the rectangular canvas piece are longer, and you can easily print the chosen photo on the surface. These rectangular models are the perfect alternative to walls with some unequal space. You may display the print horizontally and vertically. You can fill gaps when there is an asymmetrical layout.
You may be familiar with 6- sided polygons. Canvas is available with this design. This unique hexagon canvas art looks good and creates a unique statement. You will find several customization options for those canvas pieces.
There are creative ways to display your family photos. For instance, you can make a cluster of multiple hexagon canvas prints into a honeycomb-like pattern. It will add a level of beauty to the space. Print different photos
When you like to print some small artwork, the mini canvas prints can be the right alternative. In some cases, when you have a limited space to display the photos, you may prefer mini canvas. For instance, the limited gap beside your bedside table will give you an opportunity to show your artwork.
Dimensions of the canvas prints–
- 6 by 6- It is another square-sized small canvas print perfect for small and limited space. While you like to install the canvas in your bathroom, you may this dimension.
- 4 by 4- It is the smallest available square canvas piece best for your printing purposes. You can fit it in the corner of your shelf.
- 4 by 6- When you need to place your canvas print on the top of your bedside table and desk, it is the right dimension.
- 5×7- The photo-sized canvas is the standard choice for printing needs. The wall space near your stairways, bathrooms, and bedrooms.
You can choose medium and average sized canvas to create more than one canvas print layouts. As commercial rooms have a big space, you may prefer these canvas prints. Your bathroom and bedroom will look attractive with the canvas bubble.
You can select 8×10 canvas size to display your family photos. The bigger sizes (10×20) are best for showing the beauty of a landscape photo. It is one of the interesting ways to use the empty wall space. In most cases, homeowners prefer the medium sizes to display wedding photos, special portraits, and holiday pictures.
To make the best use of the big wall space, you can choose to print your favorite photos. Large canvas prints (20×24 to 30×40) are the perfect alternatives to serve your purpose. For instance, you may buy these canvas prints for your guest rooms, bedrooms, and hallways. You can hang a tall canvas above your sofa. The large canvas prints are also found in museums.
Choosing the canvas size for painting- Know about aspect ratio–
Aspect ratio is one of the important factors in relation to the height and width of the canvas. The ratio indicates the proportions of your picture. It is comparable to a fraction.
A square shape has 1:1 aspect ratio, as there is no difference in the length of the sides.
What can you print on the canvas?
Based on your needs and preferences, you may print anything on the canvas. Modern and contemporary canvas prints include bold shades and patterns. You can print several other things on the canvas-
- Family portraits- Photos of family reunions and family trips are the best subjects that you can show on your canvas.
- Inspirational quotes- A canvas printed with some inspirational quotes has something more than a decorative value. You can read those quotes every day and start your day with fresh feelings.
- Abstract- You can beautify your canvas with some abstract designs. Homeowners who love minimalist designs can choose these abstract designs.
- Pets- As your pets are one of your family members, you can choose their photos for canvas prints. It is a way to show your love for your furry friend.
- Maps- Canvas prints for hotels and offices can display maps. Maps are unique prints for your fabrics.
- Landscapes- Your canvas fabrics look amazing with the landscape images. Make sure that you have chosen high-quality photos for your prints.
Thus, you can print almost any design and shape on your canvas fabrics. However, you must take time to decide on the proper sizing of the canvas. It is better to choose standard canvas sizes to save money. Larger canvases are costlier. The quality of prints also makes a difference in the overall cost. Look for the best canvas printing service providers to get flawless prints of your chosen photos.
How To Choose Att Corded Phones For Online Business
ATT corded phones are made out of some of the most durable and sturdy materials. These phones provide so many benefits and advantages to the users. In this era of covid-19, all businesses have shifted to the digital world. So, people are more inclined to use these phones for online business purposes. They come with amazing features and functions, which make them the first choice of users.
Following are the tips that you should always consider before choosing these handsets:
1) Superior Sound Quality:
Despite having a sturdier structure, the technology with which these ATT or VTech corded phones are manufactured matters the most. These days, only phones that are built with the latest technologies and software can stand a chance in the marketplace.
The reason is that such qualities of phones have enhanced functionality, and they provide more benefits to the users. They make life much easier. If you are choosing these handsets for online business, then you know that they will be used in noisy environments.
So, make sure that your desired handsets have exceptional sound quality. You need to know if your desired phones are featured with DECT technology or not. Because this technology helps in the clarity of voices. In online businesses, you need to deal with your customers through calls.
And if you choose some handset with poor sound quality, then you will not be able to listen to your clients. This can display a bad image of the business. Apart from this, customers also get frustrated, and they do not order from such brands. This can also lead to the loss of sales. To avoid this, you should always go for the handsets, which have excellent sound quality.
2) Long Battery Life:
A long-lasting battery is one of the many aspects that you don’t want to overlook while purchasing Panasonic Corded Phones. For online or any kind of business, you need to have a good quality of phones. They should be able to provide long hours of battery life.
You cannot risk the battery of your phone dropping dead while you are dealing with your clients on the call. This will not only look rude but also have a negative impact on the client. If such things happen consistently, then the business can lose a great share of sales.
To avoid that, you need to make sure that the handsets have long-lasting batteries and not vice versa. Through this, your employees can deal with their clients in peace without the fear of low battery. They do not get worried in between an ongoing call and deal with customers in peace.
3) Unique Features:
Besides high sound quality and long-lasting battery, there are also some features that you need to consider before buying them. You need to know how many contact numbers these handsets can save in their phone directory and in their memory.
Moreover, when it comes to the physical features, you can look out for enlarged buttons or contrast display, enlightened keypads. Apart from this, you should know if these phones allow conference call options. All these aspects help in increasing the functionality and usability of the phones.
Make sure to choose the phone which comes with the extra loud ringer. This provides you the possibility to hear incoming calls even when you are not in the same room. Don’t compromise on any of the features because they all play a vital role in making the users’ lives easier.
4) Handy Control:
These handsets come in different styles and designs like slimline, etc. So, you should choose the one that you can easily handle. Furthermore, while selecting it, you need to see if they have basic control buttons.
Volume and mute control are two of the most important buttons that provide ease to the employees. Often in a challenging environment, employees need to increase the volume so that they can hear customers’ voices more clearly. Besides volume, often, the employees of business also need to use the mute button.
While discussing some problems with their clients, they use that button to discuss that issue with their fellow. During that discussion, they do not want customers to eavesdrop on the conversation, so they mute the call. These buttons give handy control to the users and increase the functionality of handsets.
5) Eco-Mode Power Conservation:
Eco-mode power conservation is a new technology installed in these handsets. Eco-mode is actually the method of saving energy, which is not that large. These phones go in economy mode to extend the battery life so that they can be used for a little more time.
When purchasing these handsets, see if they have this technology. If not, then you need to buy the one which features this technology. Other than this, often, employees do not get comfortable by carrying them in hand for long calls. So, the desired phone must support and can be connected with the other earpieces.
With this, users can utilize them at their ease. The voicemail waiting indicator should also present so that you do not miss any important message. All these aspects and features should be present if you want to use these phones for online business purposes.
Once you need to buy the handsets for business, then do not fall into any trap. Choose the one with the best features. ATT corded phones should have good speakers that can provide excellent sound quality.
You can easily buy them from FindHeadsets. They are the authorized resellers of these handsets that provide genuine and top-notch quality items. They have various options for these phones and that too at discounted prices.
Benefits of Having a Family Lawyer
When life takes you to unwanted and strange paths, it’s more than necessary to have someone who can adequately and professionally support you, both mentally and legally. When it comes to matters of family law, you might want to have legal support that will be compassionate, reasonable, and effective. Nobody desires for matters to get prolonged, or let alone worsen, hence finding a lawyer that will represent you both in court and life is utterly important. As lawyers who are about to take on cases that involve defending the most valuable and important things in your life should be professional, here are some pieces of advice on why to have one.
Legal and emotional support
As family law in Australia tends to vary from case to case, there’s no denying that most family law cases in the end become utterly emotional. For that reason, you should have an experienced family lawyer who is able to take the emotion out of the decisions to provide you the most eligible and lucrative outcome. Moreover, a good family lawyer is an expert in family law, so they can very often find loopholes in cases, enabling you to adequately present your story and master the case. Both legal and emotional support is extremely vital as you should always know that you are in steady hands and that all the matters would be resolved quickly and sanely.
Experience, professionalism, and knowledge
It goes without saying that the most obvious benefit of hiring a respectable family lawyer is their knowledge and experience in family laws. In Australia alone, the highest number of couples get divorced after 4 years of marriage, and if there are children involved, the cases can get challenging and emotionally wrecking. For that reason solely, hiring reputable family lawyers from Sydney will enable you to get top-notch service and experts who are skillful in family law and understand what couples are going through. It’s vital to have someone who has vast knowledge and many successful cases by your side, so they could support you mindfully and be fully engaged and informed every step of the process.
Unfortunately, the entire process can be rather costly, but if you were to have only professional family lawyers dealing with your case, you might end the process without having to take a personal loan, or spend your entire life saving, or worse. If they are experienced and straightforward when dealing with your case, they can save you a lot of money by resolving the case without going to court. A good family lawyer will know how to find various alternative solutions to the despite and give you precisely what you are looking for.
… and time
Most cases, unless adequately handled, can last for years. Nobody is truly aware of what they are really up against until the actual process starts. With an eligible family lawyer, your case can be resolved sooner than expected. This is an utterly crucial matter because when you know that you can rely on their advice and expertise to help you make decisions relatively fast, you won’t need to go through tedious and emotionally wrecking procedures. Most cases demand a certain amount of extensive research, and very likely you might experience some trial and error, however, with a suitable family lawyer every step of the procedure will be completed masterly and in a timely fashion.
Family issues can be rather demanding to handle. Amongst many emotional outbursts, there have been cases and various unpredictable issues that simply take their toll on a person. As some cases can be rather emotionally surprising, having an experienced lawyer who will approach your case with an unbiased view will save you from the worries of ending things in an unwanted way. What’s more, most people fail to view certain things when they are agitated and under a strong emotional influence, which can also result in ignoring essential information that can be significant for your case. The lawyer’s unbiased approach will prevent all mishaps to occur as he will resolve the case in a candid and unprejudiced way.
Evaluate your priorities
Probably the best thing about having a family lawyer is that you’ll have someone proficient and qualified who will put your needs and priorities in the first place. Some people reckon that having a professional would only trigger certain family problems and even increase the level of conflict, but with an expert family lawyer, things are the opposite. When dealing with the case, family lawyers strive to give you honest advice and give you precise and realistic information on how manners can be resolved.
No matter if you’re considering whether or not you require a good family lawyer, you should have someone intermediate as a counselor or a therapist when you experience family troubles.
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