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LAHORE

LOCALITY AVG SALE PRICE AVG MONTHLY RENT RENTAL YIELDLahore Cantt 35,806,610 126,720 4.28%DHA Lahore 35,047,341 122,625 4.20%Bahria Town 28,373,904 90,713 3.85%Johar Town 28,359,073 114,941 4.88%

AVERAGE PRICES OF 1-KANAL HOUSES IN LAHORE IN 2014

In Lahore, LDA Avenue I and Lahore Cantt performed better in 2014 than they haddone in 2013, with prices of 1-kanal plots in both localities rising significantly. ForDHA Lahore and Bahria Town, however, the situation was quite the opposite. Bothlocalities had a glorious 2013 but struggled to perform equally well in 2014.

prices in Bahria Towndropped 1.12% in 2014 ascompared to a major 39.30%rise in 2013, but prices areon the up so far in 2015

LDA Avenue I’s 1-kanalplots gained an impressive24.19% in 2014, asopposed to a moderate9.73% rise in 2013

prices rose by 15.89% inLahore Cantt in 2014,compared with arelatively smaller10.52% rise in 2013

LAHORE CANTT

15.89%Up

one-kanal plots in DHALahore gained only8.96% on average in2014, as opposed to a31.60% rise in 2013

DHA LAHORE

8.96%Up

MODERATE GROWTH

STABLE IMPRESSIVE GROWTH

IMPRESSIVE GROWTH

AVERAGE PRICES OF 1-KANALPLOTS IN LAHORE 2014

F or pakistan’s property market, 2014 was not as greata year as its predecessor. property prices around thecountry had seen their first true boom in many

decades in 2013, and many had expected 2014 to offer thesame sort of returns.

This was not the case, however. The year 2014 proved to beslower and more stable, dominated largely by correctionas well as low activity as a result of political and securityissues. At some points during the year, in and after

ramadan for example, the market even came to acomplete standstill for a while. But despite its share ofproblems, 2014 saw pockets of excellent growththroughout as well as a stable finish.

As 2015 begins, the prevailing opinion is that it is shaping up tobe a better time for the real estate market of the country. whatfollows is a detailed analysis of the property markets of threemajor cities – Lahore, Islamabad and Karachi – and theirperformances in 2014.

OVERVIEW

BAHRIA TOWN

1.12%Down

LDA AVENUE I

24.19%Up

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LOCALITY AVG SALE PRICE AVG MONTHLY RENT RENTAL YIELDF-11 65,222,018 192,033 3.54%E-11 61,739,389 190,560 3.71%G-11 55,584,398 174,771 3.78%

AVERAGE PRICES OF 1-KANAL HOUSES IN ISLAMABAD IN 2014After a spectacular 2013that saw prices shoot upby 115.15%, Bahria Townplots lost 22.79% of theirvalue in 2014

BAHRIA TOWN

DHA Islamabad hadregistered a 91.97% rise inprices of 1-kanal plots in2013, but this growth camedown to 12.09% in 2014

one-kanal plots inSector F-11 gained only3.76% in value in 2014after having gained46.06% in 2013

SECTOR F-11

3.76%Up

one-kanal plots in SectorE-11 gained 6.34% invalue in 2014 ascompared to the 48.25%rise in 2013

SECTOR E-11

6.34%Up

MODERATE GROWTH

MAJOR DECLINE

STABLE

CONTROLLED GROWTH

AVERAGE PRICES OF 1-KANALPLOTS IN ISLAMABAD 2014

22.79%Down

ISLAMABADIslamabad’s property market had had a stellar 2013, but 2014 was fairly lukewarmby comparison. no major locality in the Federal Capital even came close to thegains experienced in 2013, and most registered controlled rises at best.

12.09%Up

DHA ISLAMABAD

Based on number of searches for a particular locality as a percentageof the total searches conducted for plots or homes in Lahore

one-kanal plots in DHAKarachi gained 11.85% in2014 as compared to anexcellent 30.02% rise in 2013

DHA KARACHI

11.85%Up

plots in Gulshan-e-Iqbalsaw a small 7.65% rise inprices in 2014 ascompared to a whopping65.25% in 2013

GULSHAN-E-IQBAL

7.65%Up

one-kanal plots inGulistan-e-Jauhar gained22.19% in 2014 asopposed to the marginallysmaller 21.96% in 2013

GULISTAN-E-JAUHAR

22.19%Up

plots in DHA City Karachihad gained 27.88% in 2013,but managed a smaller butstill impressive rise of24.28% in 2014

DHA CITY KARACHI

24.28%Up

AVERAGE PRICES OF 1-KANALPLOTS IN KARACHI 2014KARACHI

Karachi’s realty market also had a worse time in 2014 than it had had in2013. with the exception of Gulistan-e-Jauhar, which saw a marginallyhigher rise in prices of 1-kanal plots in 2014 as opposed to 2013, all majorlocalities struggled to replicate the success of the previous year. However,the city’s realty market performed reasonably well nonetheless.

CONTROLLED GROWTH MODERATE GROWTH

IMPRESSIVE GROWTH IMPRESSIVE GROWTHzameen.com

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Based on number of searches for a particular locality as a percentageof the total searches conducted for plots or homes in Islamabad

FINAL ANALYSIS

2015 IS GOING TO BE ABETTER YEAR IN

TERMS OF ACTIVITY INTHE PROPERTY

MARKET OF PAKISTAN,ESPECIALLY IF THE

POLITICAL CLIMATE –WHICH HAS COOLED

DOWN LATELY –CONTINUES TOREMAIN CALM

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Given that 2014 has been a difficultyear for a number of reasons, not theleast of which is political uncertaintyin one form or another, the markethas shown remarkable stability. whileit is fairly obvious that 2014 has beennothing like 2013, it has been farfrom a bad year.

Although prices and market activityrose and fell in most localities aroundthe country throughout the year, themarket ultimately stabilised towardsthe end and some growth was seen inthe last quarter in particular.

“prices cannot continue to rise uncheckedforever, and every now and again we aregoing to see a more sobering year,” saidZameen.com CEo Mr Zeeshan Ali Khan.

“I think the controlled growth in 2014was a result of a correction followingthe perhaps unrealistic price rises in2013, along with the uncertain politicalsituation. But 2015 is going to be abetter year in terms of activity in theproperty market of pakistan, especiallyif the political climate – which hascooled down lately – continues toremain calm,” he added.

Based on number of searches for a particular locality as a percentageof the total searches conducted for plots or homes in Karachi