Pakistani property portal Zameen.com has launched the Pakistan Real Estate Price Index – a first for the country as well as the wider South Asian region.
With real-time, accurate data now simply a few clicks away, this index promises to be an invaluable tool for the discerning investor.
Traditionally, decisions regarding real estate have been clouded by speculation due to a dearth of complete, readily available information. With this development, that limitation is now a thing of the past. Investors can now analyse trends and track the performance of the real estate market over a period of time, going as far back as January 2011.
Zameen.com has created the index with help from top professors at the Lahore University of Management Sciences (LUMS). As with all indices, the information provided is expressed in terms of change from a base value, making patterns and trends evident for even the most novice investors. The index also tracks actual per-square-foot rates of properties.
“Investors have every right to make educated, informed decisions about real estate and we want to equip them with the appropriate tools to do so,” said Zameen.com Co-CEO Imran Ali Khan.
“We are very cognizant of the fact that this tool will ultimately change the buyer or seller’s decision-making process completely, which in turn, will alter the face of Pakistan’s real estate sector for the better,” he added.
Zameen.com was founded in 2006 by the Ali Khan brothers. Just recently, it closed its Series C funding round with a $20 million investment from one of its current investors, bringing the total funds raised in 6 months to $29 million. Today, the portal boasts 2.2 million property listings, 3 million monthly visitors, and more than 500,000 subscribed members.