2012-11-30 12:21:41 - Zameen is pleased to share the trends prevailing Lake City residential plots in Q3. It highlights a constant and significant increase in average price of Lake City residential plots in Q3 except in August when average price fell due to arrival of Ramadan.
Lahore. Investors are looking forward to invest in residential plots for sale in Lake City Lahore for earning high returns on investment over the years. This increasing demand is driving up the prices of residential plots in Lake City.
According to www.zameen.com, residential plots in Lake City have revealed outclass performance during Q3. As per Zameen’s data, the average price of 10 marla residential plots in July remained Rs 2.8 mil, recording a remarkable increase compared to the previous month. The activity in Lahore real estate sector slowed down during August, which was also the month of Ramadan. Due to this, the average price of the same sized residential plots fell to Rs 2.5 mil.
In July, www.zameen.com revealed
that 0.86% of Lahore’s searches were made for 10 marla residential plots in Lake City. This search volume jumped to 0.94% in August with an increase of around 9% as compared to July. This is because though buyers withheld their investments until after Ramadan yet they could not resist themselves from planning and searching for investment opportunities in the residential real estate of Lake City Lahore.
As per Zameen, right after Ramadan, buying continued for Lake City plots and hence their average price remained Rs 2.5 mil, revealing zero percent change from the previous month.
is glad to announce that May and June remained the time of celebration for Lake City Lahore when it recorded the highest number of searches made for its residential plots. The number of searches for Lake City residential plots in May and June accounted for 1.19% and 1.23% respectively of total searches made for residential plots in Lahore.
Zameen highlights that although the market for residential plots in Lahore Lake City slowed down during Ramadan in Q3 yet this decrease is ignorable since it has already picked up now that both the Eids have passed. This along with the increasing search volume is expected to make residential real estate in Lake City more prudential and highly rewarding investments of the time.