There is currently a severe housing crisis in Pakistan as families and individuals face a shortage of over 2.1 million homes to live in, according to a recent study conducted by the Academy of Research.
The research showed that more than 38.3 million people in the country are in need of adequate housing. Of these, 2.52 million individuals are trying to find homes in urban cities.
The study also highlights that around 13 million people are living in overcrowded conditions, while 10 million families reside in substandard and housing.
The research showed that cities like Multan, Quetta, Karachi, and Hyderabad face the highest and most complicated housing shortages.
Credit goes to real estate agents for all the shortage. Agents sell 3 million house to inverters at 5 million and given them a hope of 8 million and greed of investors eventually distance the real buyers. My cousin bought a house in Lahore with asking price of 2.1 crore at 1.35 crore because house was on sale for 3 years but there was no buyer. As per owner he lost 30 lacs. you can imagine how low the market is now a days.