The stars of Pakistan’s rental market are the major cities of the country, which include Karachi, Lahore, Islamabad, and Peshawar. These cities have a large population and a high demand for rental properties due to various factors such as urbanization, migration, and increasing economic opportunities.
In Karachi, areas such as DHA, Clifton, Gulshan-e-Iqbal, and PECHS are considered prime rental locations, with a variety of options available for both residential and commercial properties. Lahore also has several popular rental areas such as Defence Housing Authority (DHA), Gulberg, and Model Town. Islamabad, being the capital city, also has a strong rental market with areas like F-6, F-7, F-8, and E-11 being popular among renters.
The rental market in Pakistan is diverse and caters to a variety of budgets, with options ranging from luxury apartments and houses to more affordable options for low-income households. However, the rental market also faces several challenges, such as a lack of proper regulation and transparency, high security deposits, and limited access to financing for landlords and tenants.