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How Overseas pakistani can Invest in real estate

Guide for Overseas Investors to Invest in Pakistan Realty Sector

Buying a property is considered as the single best investment done by a person during his lifetime. A new trend is to buy a property abroad that offers several perks. Pakistan is one such new destination that attracts a lot of overseas investors. The natural beauty and strategic location of Pakistan in the region are enough to lure multibillionaire investors from around the world to buy a dream property here.

If you are also one of the people looking to procure property in Pakistan then there are certain things you must take into consideration lest your hard-earned goes down the drain. You must plan your buying process before indulging in the real action to save yourself from prolonged meetings and potential fraud. However, even avoiding the meetings you will still have to undergo the tedious legalities and paperwork to call that property yours. Familiarize yourself with all the requirements and legal documents, commonly used in property transactions in Pakistan.

The pointers provided below will help making overseas property buying process a bit simpler for you!

Conduct Thorough Research

Before investing in properties in Pakistan, you need to answer a few questions to help you proceeding with the property purchase process.

What is your purpose to buy an overseas property?

Do you have enough finance to buy a property? If not, how long will it take to collect funds?

How much are you aware of property buying process of Pakistan?

Initially, you may not have the answer to all these questions but you can begin your search on the basis of these points. You will surely get a wealth of information through reliable online property portals to help you make well-informed property purchase decisions.

Get Legal Advice

Once you get a general idea of the property purchase process, it’s time to seek independent legal advice from a lawyer. You can also take his help to interpret the legal documents, in order to avoid any fraud in the future.

Key legal aspects that you must consider before making the final payment:

  • Title deeds of the property
  • Taxes that you will have to pay after buying the property
  • Know about the concerned local land record department

Visit Before Making Final Payment

It is highly recommended by Pakistan real estate professionals to visit the property to see it yourself before making the final payment. The visit is essential to get the real feel of the property surroundings, get to know about community residents, civic facilities of the community, and see the property in real-time. If you will buy through a legitimate Pakistan real estate agent, he will give you an opportunity to visit the site yourself, so you can view a number of properties yourself. It will help you make decisions independently.

Make an Offer

Once you have found your dream property, it’s time to make an offer. Before reaching this stage, make sure you have consulted your lawyer and arranged your finances as per local currency.

Check and sign the relevant legal documents and move in to your dream property.