Where should I invest in Lahore considering rental income?
The best investment opportunity in Lahore
In general, it is observed that the cost of the plots,
whether commercial or residential, is appreciated as time passes. On the other
hand, the older the home, the cheaper it becomes. Although, what would you do
if your return on investment in parcels was less than impressive in due time?
Would you like to invest in a house and capitalize rental income? This could be
a feasible option because the demand for properties offered in leases lasts as
long as the real estate deficit prevails in the country.
With this blog, you compare the local rental yields of the
homes in the main areas of Lahore, which gives you enough reasons to consider
this option more seriously.
Wapda Community
Among the main and popular areas in Lahore that attract
tenants, Wapda Area is the cheapest. In this article, the average rental price
of a 1-Kanal house is priced at PKR 34. The Doku million was PKR one hundred
ten, 000 in December 2017. The rental yield collected for the month was 3. 78%,
which is not bad. But in January 2018, it was registered highest at 4. 45%.
Basically, the rental price of your 1-Kanal house has not
increased in the same proportion as your offer price. Similar patterns were
noted in the delivery of ten-house homes. Therefore, buying houses here may not
be wise.
Johar Town
In comparison with Wapda Community, the rental price of the
residences in Johar Town is higher. Not only this, the standard rent here also
increased during 2017. The interesting part is that the percentage increase
seen for the market price of the houses is a little higher than the interest
rate of appreciation recorded for the lease price. However, the result of
rental performance is almost negligible.
The average lease price of the 1-Kanal house that has a
market value of PKR 39. 30 million dollars was PKR 182, 1000 in December 2017,
offering an impressive rental product of 5. 56%. It is expected that this type
of statistics will remain largely stable in 2018 also due to the existing
demand among the tenants. Buying a house here is not a bad move.
Bahria City
The value of the cottage industry in Bahria remained stable
in 2017, but this was not the case for rental prices. The rental price tags for
a house of 1 Kanal and 10 marlas in the company decreased by 4. 64% and 8. 97%
during the year. As a result, local rental yields also decreased.
Each of the statistics registered in December, a house of
1-Kanal with a market price of PKR 37. 80 million was rented by PKR 109, five
hundred. Its rental performance during the month was 3.34%, which fell from 3.
66% in January. The fall in the local rent yield for the properties of 10 marla
was quite marked, since it decreased from 4. 33% in January to 3. 9% in 12,. In
other words, marketing these houses may not be a lucrative idea at this time.
Supportive Housing Authority (DHA)
The statistics registered for DHA are extremely interesting.
Here, the market price of any 1-Kanal house remained stable during the year,
while its rental price increased by 7 1%. On the other hand, the price increase
seen for a 10-marl house was obvious at 11. 45%, while its rental price
decreased by 7. 33%.
Therefore, the annual rental product of a 1-Kanal house, in
2017, increased from 4. 62% to 4. 97% between January and December. That for a
house of 10 marlas fell from 4. 87% to 4. 02% between the same months. Then, we
hope that the demand for the above increases.
Each of our statistics recorded in December, the average
market price of a 1-Kanal house was PKR forty-one. 4 million and its monthly
rent was PKR 171, 500. While the monthly rental price of the 10-marla house
that acquired a market value of PKR 24. 72, 000, 000 was registered at PKR 83,
000 during the same month.
According to this information, you can choose to acquire a
house in one of the four most important companies in Lahore and generate a
regular monthly income. Let us all know what kind of these you consider to be
well structured according to your preferences through your comments. We also recommend
that you visit the Best investment opportunity in Lahore to get useful
information on real estate investment.
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