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SC Media Centre - Lamudi Pakistan
Going Green Is Great for the
Environment and Property Values
Lamudi delves into the relationship between green spaces and real estate
Karachi, March 30, 2016 Ė Today, the positive effect of a healthy environment on the quality of our everyday lives should be extremely apparent to everyone. Global warming, air pollution, toxic drinking water and a corrupted food supply are global and local issues that affect each one of us.
Reducing our carbon footprint by building parks and green spaces addresses many of these problems. In Karachi, for example, where average temperatures have risen greatly in recent years, citizens are calling for the creation of more green spaces to combat the intense heat.
For real estate investors and owners, going green has the added benefit of increasing property values.
It has been reported that cities with a high percentage of green, natural spaces like parks and gardens have a better quality of life. More than 50 percent of the worldís population live in cities today. In 30 years, that number is projected to grow to around 70 percent. This means that green spaces are more crucial than ever.
According to Lamudi research, Pakistanis are intensely aware of these issues. In a recently conducted survey, the vast majority of respondents said they believe that sustainable and environmentally friendly properties are extremely important to them.
It is surprising that some people have not caught on and continually deny the issues that we are facing as a global population. If increasing the quality of life in our cities is not compelling enough, perhaps looking at it from a financial perspective will help. As previously mentioned, it has been reported that the value of properties with access to parks and green spaces are higher than those without.
Furthermore, as we have seen in New York Cityís Chelsea neighborhood with the construction of the High Line Park, even very expensive real estate can increase in value with newly constructed green spaces.
Reports from the US city of Chicago claim that real estate prices increased by about 7.1 percent in the six months leading up the grand opening of the Bloomingdale Trail, a park similar to New York Cityís High Line.
And if thatís still not convincing enough, consider the mental health benefits of having access to green spaces. Parks and gardens benefit us all, but they do not benefit all of us equally. For poorer communities, the benefits are relatively greater.
Mental health services are out of reach for many of our citiesí poor. Since the affluent already have access to mental health services, the positive effect of parks and gardens on them is smaller. As such, green spaces are also a way of fighting class inequality.
Going green should be a forgone conclusion at this point. It benefits our minds, our bodies and our pockets. And more importantly, it is a path to justice for our poorer communities.
Pakistanís Real Estate Sector Is Perfect for Flipping Properties
Lamudi explores the flipping phenomenon and shares a guide on how to flip properties the right way
Karachi: March 21, 2016 Ė Buy low, sell high. That is the basic principle behind flipping properties. In other words, flipping is when investors buy inexpensive properties and sell them at a profit after their value increases.
But how do you ensure that a given propertyís value will increase? Lamudi Pakistan has the answers, according to the Lamudi guide to flipping recently published on Lamudi.pk.
Pakistanís Up-and-Coming Areas Are the Key to Success
According to the Lamudi guide to flipping, the ability to identify up-and-coming areas is extremely important. This ability is required to find the perfect location and property to invest in for short term gains.
In Pakistan, it is relatively easy to find up-and-coming areas, even in famous and high-demand developments. For example, a 125-square-yard residential plot in Bahria Town Karachiís Ali Block that cost between Rs. 1,700,00 and Rs. 4,000,000 in 2014 can cost between R.s 4,000,000 and Rs. 7,000,000 today.
Thatís a potential profit of more than 300 percent.
Based on this, anyone can see that flipping is a possible source of immense wealth, especially for investors who are able to flip multiple properties. Pakistanís real estate market is full of potential for flipping because of its many areas with affordable prices and rapidly increasing property values.
Other locations where property values are expected to continue their exponential rise are DHA City Karachi and Islamabadís Sector F7.
The Lamudi guide to flipping demonstrates how to identify up-and-coming areas. It also shows how to find the right property, the right purchase price, the right budget and finally, the right sale price.
Not all properties can be flipped immediately. Many require maintenance, renovation or construction to increase in value.