Although both buying and renting houses are popular trends in Pakistan nobody can say for sure. Zameen.com has finally compiled a report in answer to Pakistan real estate’s biggest question – is buying more popular than renting?
Online PR News – 11-September-2013 –It is a common fact that nearly everyone in Pakistan cherishes a mutual dream. It’s the nation of Pakistan which is constituted by a mixture of different customs and conventions and securing a lifestyle in different types of landscapes but still they all share a single dream and that dream is to make a dwelling, even though a humble one but, our own.
“People are more interested in buying homes rather than renting - Says Zameen.com”
It may be a fact that the basis of the creation of Pakistan revolved on a separate home for the muslins which fuels the dream or having a separate house for living or the childhood poem which every Pakistan grows up reading which two birds make their own separate nest yet this report, based on statistical data of the property portal Zameen.com proves the above speculations to be true.
A close analysis of the statistical data fetched from the property portal revealed that people were more interested in buying homes rather than renting them whereas the percentage of people dwelling in their owned property was considerably higher in rural areas as compared to urban areas. It was also observed that the number of people browsing the website for buying an apartment for sale, let’s say in Gulshan-e-Iqbal, was much higher than those looking for apartments for rent in the same place.
Not many people know this but a huge majority of Pakistanis own the houses they live in. The percentage of people who live in the houses they own is, surprisingly, higher in villages as compared to the urban areas. Zameen.com has used all such stats and facts to present a very interesting take on this long debate.
Although people at large prefer buying houses, yet it is Zameen.com’s take that renting houses in Pakistan will never go out of demand because of a number of reasons discussed in detail in the said report.
About Zameen – Zameen.com is the largest Pakistan property portal in the country with no competitors of comparable scale. The site was established in 2006 and has been offering top-notch services ever since. With a range of features and tools to its credit, Zameen.com is that one property portal that is credited with touching international standards.