2013-10-31 07:03:14 - Demand of property in Lake City Lahore has given the society a long awaited push in its prices. Zameen.com noticed a 51% rise in value of 10 Marla houses in Lake City Lahore and the property analysts at the portal believe that the time has now come for the investors to head to the societies located in the south of Lahore.
During the last two quarters of the year, many investors were drawn to investing in housing societies located in the southern outskirts of Lahore, pushing their property rates up. Lake City Lahore is one of the notable beneficiaries of the recent trends seen in the market. With a rise in sale and purchase activity in these societies, the previously out of reach housing societies are now exposed to offer lifestyle facilities that many other centrally located housing societies do not. Addition of road infrastructure in form of widening of the existing roads linking the south of the city and connecting with Lahore Ring Road is also playing its important part in making these housing societies more attractive for investments purposes.
o findings of Zameen.com, the overall sale purchase activity and consequently the rates of many housing societies in the southern outskirts of Lahore has augmented considerably in the prevailing year. In Lake City alone, the property rates have increased by 50% on the average, making it the time of year for many investors to reap fruits of their long-term investment. Property analysts at Zameen.com observe a spike in rate of residential plots as well as the built houses in the locality. It was also noticed that bigger houses had lesser demand that that of the smaller units. The highest spike was seen for 10 Marla houses in Lake City Lahore, and interestingly, the rates of 1-Kanal houses dropped.
As of Sep 2013, 10 Marla houses in Lahore City Lahore now cost 51% more than their prices recorded in March 2013. On the other hand, the price hike for 5 Marla houses was mere 9%, while the rate 1-Kanal houses in Lake City has dropped by 43%. Looks like the owner of 1-Kanal residential units in Lake City Lahore have to wait a little more time before their investment matures to offer them the sort of yield their property actually deserves. Meanwhile, Zameen.com’s reports and analysis on the property market will keep you posted about the prevailing and expected future trends.
For more information please visit: www.zameen.com
This press release is originally published on: www.allvoices.com/contributed-news/15857550-value-of-10-marla-ho ..