Factors Affecting House Prices in Islamabad

It’s either you are buying/selling or renting a property in the market, there are various elements that can affect the house prices. Most of the people look at other factors while choosing a perfect house that is worth living.

Rents in Islamabad usually differentiate from sector to sector and the reasons behind are its a capital with extensive town planning with precise streets name and house numbering. There are multiple job opportunities in Islamabad just a few kilometers away from your home is also a plus point to settle in the Capital.

There are many features in play when it comes to investing in a plot, and even a comprehensive list of factors affecting plot prices in Pakistan can only include the most important ones. Elements such as the availability of schools nearby, commercial markets, and preventative facilities – to put it simply, even the smallest facility can make a difference in the price.

1- Location

The geographical location of the plot counts a lot when you are deciding whether to live here or not. Most of the people prefer living near to the amenities and facilities. The location of the plot matters a lot like if its a corner plot then it has more value as compared to the one in the middle. Similarly, the plot with a green area in front of it would cost you more for the extra land as compared to the house with opposite housing in the street. Get to know things to consider before investing in a plot.

2- Amenities

Mostly we often tend to ignore amenities that are necessary if you are living with your family. It may include grocery shops, barbershops, schools, hospitals, or even a park. It is essential to sort your priorities when it comes to choosing a place to live. This would initially raise the price of the location when it comes to these amenities.

3- Neighborhood

A good neighborhood is an attraction to attract buyers/sellers or tenants. It gives a good impression of the area and people living nearby. Neighbors are the people who make up a good reputation of the place and it helps to create a good environment.

4- Commercial Area

Commercial areas are an essential part of living as it concerns schools, colleges, and workplace facilities. The price of the location will be high if an allocated land is near a commercial area. Living around these areas is easy as many things are easily available within reach.

5- Area

The size of the land and the width of the connected road floor area ratio – which simply means how much area in a plot can be used for construction and development, critically impacting a plot’s value. It goes without saying that if the authorities plan to increase the space that can be used for construction, then it would positively impact and boost the plot’s market price.

Price Comparison of Different Sectors

All prices mentioned are in PKR*

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