Once a small backward fishing town located on the Arabian Sea in the southwest Balochistan province, Gwadar is now rising fast in the economic landscape of the country and is attracting more businessmen by offering numerous business opportunities.
With the economic boost that the Gwadar port will cause the demand for accommodation and land will be huge. But the Real Estate business will really flourish when after 2020 the road belt will be completed and will be functional. There will be a rise in the economy and hence a rise in the real estate sector due to the housing sector running short and in the future, more people will have money to buy a property. Pakistan will definitely start seeing the effects of CPEC after the year 2020 and the change will be led by residential and commercial properties followed by industrial and agricultural land.
CPEC being a joint venture between China and Pakistan means that many engineers and people belonging to other professions will be migrating from China to Pakistan which will be great for the real estate sector as they will have to provide accommodation for the newly migrated.
It is a matter of common knowledge that Chinese influx has already affected the rental returns in major cities and in time this influx is going to grow. The Gwadar Port will have tremendous effects on the Real Estate sector of Pakistan and the sector will continue to flourish with more development of the port.