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Factors Affecting the Real Estate Prices in Pakistan

Author

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  • Mehmood khan kakar
  • M. Ali kakar

Abstract

The current study examines the effect of factors influencing the prices of real estate in Quetta city. Hypothetically, this study is based upon five observed factors (urbanization, refugees’ influx, monetary, lack of investment alternatives and inflow of foreign remittances) in relation to the prices of real estate. Questionnaire developed on the basis of above variables were administered to a heterogeneous sample of 50 property dealers and Quetta Development Authority. Descriptive statistics (percentage, percentile and frequency distribution) were used to identify the level of influence and the relation of above mentioned attributes towards the prices of real estate. The results revealed that the prices of real estate in the region have been on an increasing trend and strong influence of all variables especially of government’s monetary and fiscal polices and urbanization was found significant on the prices of real estate in Quetta.

Suggested Citation

  • Mehmood khan kakar & M. Ali kakar, 2011. "Factors Affecting the Real Estate Prices in Pakistan," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 1(2), pages 57-66.
    • Handle: RePEc:asi:aeafrj:v:1:y:2011:i:2:p:57-66:id:711
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    Keywords

    Real estate; Prices; Quetta;
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