KARACHI:? When it comes to home ownership, most Pakistanis appear to prefer buying land and building the home themselves rather than buying a readymade house, according to data compiled by real estate website zameen.com . Real estate is an asset class that the vast majority of people feel they are experts in, which is somewhat remarkable considering the fact that there is very little data available on the subject. For the first time in Pakistan?s history, however, one company has tried to compile data on the real estate market in Pakistan. Zameen.com is probably the largest real estate website in the country and has been tracking listings on its website since 2006. It has decided to release some of its data through a report, and has offered an exclusive sneak peak to The Express Tribune , which we present today to our readers. The data is taken from listings and searches on zameen.com for the first six months of the calendar year 2012, and covers some of the largest cities in Pakistan. The insights offered are somewhat surprising. The data suggests that almost 61% of the searches on the zameen.com website are for empty plots of residential land, as opposed to houses
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More Pakistanis prefer building a home rather than buying one
Source: http://www.khabrain.info/more-pakistanis-prefer-building-a-home-rather-than-buying-one-146283
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