Real estate Investment Guide for Overseas Pakistanis

Pakistan Real Estate sector is very popular and famous as the best opportunity for investment due to its upward rising trend and attractive returns for both local and foreign investors. Investors’ interest matters a lot and prices are always moving according to an investors interest. It has minimal sort of risk that can be diversified. Moreover, the Government is planning to implement some laws just to encourage overseas Pakistanis to invest in their homeland and ultimately, the economy will boom.

Where to Invest?

Whenever you have a golden opportunity of investment with a handsome amount in hand, you can easily invest in it to get better returns and for this purpose, the private developers and Pakistani Government have made it possible to invest and buy properties in major cities. Real estate projects are available across major cities of Pakistan like Lahore, Karachi and Islamabad and these projects are very attractive, profit-making and reliable.

Find the right Agent:

You should take suggestions from friends, family, and residents of these societies instead of completely relying on online results and blindly investing on the options that have appeared. Or you can also get advice from registered agents on reliable property portals like Homes Pakistan where the approval is needed for complete screening, and he will guide you from start of the transaction to the end.

Purchase Process For Overseas Pakistanis:

Investment in Pakistan real estate sector requires some identification, documentation along with time. There is a separate set of rules for overseas Pakistanis implemented by Government due to the lack of online data. You should register at Overseas Pakistanis Foundation for the purchase of property in Homeland.

Requirements to Purchase Property in Pakistan:

Copy of your current passport
Copy of your NICOP (National identity card for Overseas Pakistanis
Six passport size photographs
Copy of exit stamp from Pakistan
Copy of entry stamp of the residing foreign country
List and passport size photographs of your immediate family members

All these documents are required to be attested and a down payment is required also before proceeding for any property option.

In addition, Overseas Pakistanis have to pay withholding tax on all property related transactions. Other taxes may be the capital gain tax, registration fee, and stamp duty.

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