Factors Affecting the Real Estate Prices in Pakistan
Mehmood khan kakar () and
M. Ali kakar ()
Additional contact information Mehmood khan kakar: Lecturer in Economics Government Degree College Loralai
M. Ali kakar: Assistant Professor Department of Economics, Balochistan University of Information Technology, Engineering and Management Sciences Quetta
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 50property 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.
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