Pakistan Real Estate 2019
Two key macroeconomic shocks will affect Pakistan's real estate market in the short-to-medium term. The IMF bailoutdeal agreed in June 2019 will force the government to cut back on spending, raise interest rates and potentially increase taxation,weighing on property financing. In light of these headwinds, business and consumer sentiment could be subdued, weighing onproperty occupancy rates, particularly in the retail and industrial sectors. In contrast, rupee depreciation will drive down prices andrent in USD terms, making the market more attractive to foreign investors, although local businesses could struggle as a result. Thelaunch of the government's flagship Naya Pakistan Housing Scheme in April 2019 could pave the way for participation from foreignproperty developers.
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