Naya Pakistan Housing: pipe dream or bold vision?

Experts weigh in on the feasibility of the government’s target of building 5 million homes in the country over the next five years

Eighteen: How an Egyptian company is building a new $2 billion Islamabad suburb

Orascom’s real estate arm believes there is a large enough market for Pakistanis who want to live the suburban life around the nation’s capital

FBR unearths 16,000 tax evaders with investments in realty sector

In the last two years, over 80,000 transactions worth around Rs800 billion (according to deputy commissioner rates) were recognized however the market value of these transactions is probably going to be much higher than the aforementioned figure

SBP notifies new rules for recovering loans from defaulted mortgagees

Previously, the banks were only permitted to auction mortgaged property after the conclusion of the due process

KSA to auction indebted billionaire’s real estate  

RIYADH: Saudi Arabia will auction real estate owned by indebted billionaire Maan al-Sanea and his company starting next month to help repay billions...

Turkey rules property sales, rental agreements must be in lira

The lira has lost some 40 percent of its value against the dollar so far this year over concerns about Erdogan's influence on monetary policy and a diplomatic spat between Turkey and the United States

Eighteen marks its presence in KPK, launches sales office in Peshawar

Eighteen – Pakistan’s most luxurious and modern, mixed-use, residential project, in an aim to enhance its presence provide convenience for its investors...

FBR collected Rs23.8 billion from real estate sector in FY18

During FY18, the Federal Board of Revenue (FBR) amassed Rs5.2 billion in taxes on sale and transfer of properties, which was 14 percent higher than FY17

SBP to increase low cost housing finance portfolio

ISLAMABAD: The State Bank of Pakistan (SBP) has targeted in its newly formulated policy to increase housing finance portfolio of banks and...

Pakistan jumps 15 places, ranked 75th in Global Real Estate Transparency Index

Pakistan and Saudi Arabia have also seen rising transparency over the past two years, with regulatory reforms and increased data collection and publication by government bodies and international market participants contributing to their progress

Dubai real estate a money-laundering haven: Report

DUBAI: War profiteers, terror financiers and drug traffickers sanctioned by the U.S. in recent years have used Dubai's real-estate market as a haven...

Govt needs to rethink ban on non-filers from investing in property: ICCI

ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) Acting President Muhammad Naveed Malik has called upon the government to review the decision...

Property tax collection plunged 20 percent in July-April FY18

Punjab’s property tax collection fell 31.62 percent, to touch Rs2.66 billion in first ten months of FY18, compared to Rs3.88 billion in the same period of FY17

Remittances could be dented due to investment restrictions

As per market players, this stipulation announced in the budget for FY19 and set to apply from the 1st of July has hampered the flow of billions of dollars in investments in the realty sector

NAB’s top priority to return looted money: NAB Chairman

NAB has so far distributed Rs296 billion among different departments, affectees after recoveries from corrupt elements.