(MENAFNEditorial)
Pakistan's commercial real estate sector is underdeveloped with long-term security problems and unstable politics having served to deter investment into the sector. Although we see this situation continuing at least in the short term in the long term there are significant opportunities as prices are low meaning potential yields are high and there is considerable room to expand and modernise Pakistan's stock of commercial real estate.
Improved regulations surrounding the creation of real estate investment trusts (REITs) could pave the way for increased investment via this format and lead to more Pakistani investment being directed into the home market rather than overseas.
We forecast Pakistan's real GDP growth rate will be around 4.1% a year over our forecast period to 2018. The economy is held back by concerns over the security situation and political tensions. However we believe that the government remains committed to policies designed to improve the business environment and increase investment into Pakistan which should in the long term benefit the commercial real estate industry.
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The office sector has seen good levels of demand with low prices for investors meaning that fairly high yields are possible. However the recent political instability has dented confidence in the wider business environment and we could begin to see demand falling pushing rental rates down and vacancy rates up.
In the long term Pakistan's retail real estate market will be supported by a young and increasingly urban population and with organised retail currently at low penetration levels there is plenty of room for growth. However in the short term we continue to see international retailers put off by the preference for many Pakistanis still to shop in traditional outlets as well as low incomes and the uncertain political and security situations. Western-style retailing especially shopping malls still tend to be restricted to the wealthier areas of the...
The Pakistan Real Estate Report features Business Monitor International (BMI)'s market assessment and independent forecasts of major construction projects in the residential and commercial markets plus rental prices and yields in major cities. The report critically analyses the prospects for real estate within the broader economic and financial context - both domestic and global - via our econometrically-modelled and clearly explained banking and economic forecasts and follows this through to evaluate the implications for REITs.
BMI's Pakistan Real Estate Report provides industry professionals and strategists sector analysts business investors trade associations and regulatory bodies with independent forecasts and competitive intelligence on the real estate industry in Pakistan.
Key Benefits
* Benchmark BMI's independent real estate industry forecasts for Pakistan to test other views - a key input for successful budgeting and strategic business planning in the Pakistani real estate market.
* Target business opportunities and risks in Pakistan through our reviews of latest industry trends regulatory changes and major deals projects and investments.
* Assess the activities strategy and market position of your competitors partners and clients via our Company Profiles (inc. SWOTs KPIs and latest activity).
Coverage
BMI Industry View
Summary of BMI’s key industry forecasts views and trend analysis covering real estate and construction regulatory changes major investments and projects and significant national and multinational company developments.
Industry SWOT Analysis
Analysis of the major Strengths Weaknesses Opportunities and Threats within the real estate sector and within the broader political financial economic and business environment.
Industry Forecasts Outlook
Historic data series (2010-2013) and forecasts to end-2019 for the domestic real estate industry and for the local and global finance industry.
Indicators Include:
* Real Estate: Office retail and industrial real estate yields for all major cities (%); short term forecasts on minimum and maximum real estate rental prices by sub-sector (USD per square metre and local currency per square metre).
* Construction: Industry value (USDbn); contribution to GDP (%); employment (‘000); real growth (%).
* economy: Economic growth (%); nominal GDP (USDbn); unemployment (%); interest rates (%); exchange rate (against USD).
BMI’s Real Estate Risk Reward Index
BMI’s Risk Reward Indices provide investors (real estate vendors construction companies and financial investors) looking for opportunities in the region with a clear country comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry economic and demographic data points to provide an indices of highest to lowest appeal to investors with each position explained.
Market Overview
Overview of the real estate sector including analysis of existing/planned real estate developments and emerging industry trends in the office industrial and commercial sectors
Market Analysis
Features detailed city-level data and analysis on rental prices yields contract terms and real estate availability with separate chapters covering the office retail and industrial sub-sectors.
Company Profiles*
Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts our macroeconomic views and our understanding of the wider competitive landscape to generate Company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles enabling a full evaluation of recent company performance and future growth prospects.
*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.
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