Pakistanis Are Investing In Property In European Cities

An increasing number of Pakistanis are investing in property in European cities. It has become easier to do so and the ROI is about 15 to 20% per year.

Here are three cities to consider:

1. Berlin

Named one of the top cities for investment by PricewaterhouseCoopers earlier this year, Berlin is believed be Europe’s largest residential  buy-to-let market. Prices and rentals have increased by nearly 50% in the last three years; annual rental yields range between six and seven percent and the ROI ranges between 15 and 20% per year.

Popular options include: One-end two-bedroom apartments in Berlin-Mitte and Kreuzberg

Covered area: 120-300 square meters

Purchase price range: Rs 200,000-400,000 per square meters

Monthly rental range: Rs 8000-1,500 per square meters

2. London

In the aftermath of Brexit, London’s property in London is comparatively cheaper per square meters than most other cities of its stature and offer a comparatively higher rental yield, Which stands between seven and eight percent a year. The ROI ranges between 14 and 17% per year.

Popular options include: One –and two-bedroom apartments as well as mid-sized houses in Canonbury, Finsbury Park and Marylebone

Covered area: 120-300 square meters

Purchase prices range: Rs 150,000-300,000 per square meters

Monthly rental range: Rs 700-1,300 per square meters

3. Vienna

Considered a gateway to Central and Eastern Europe, Vienna has a promising property market where price and rentals increase by nearly 15% each year. Annual rental yields ranges between eight and nine percent of the value, while the ROI ranges between 15 and 23% per year.

Popular options include: Mid-sized retail space in Mariahilf and Neubau

Covered area: 25-100 square meters

Purchase prices range: Rs 300,000-500,000 per square meters

Monthly rental range: Rs 1,500-2,000 per square meters

By Syed Wajeeh ul Hassan Naqvi. Information provided by Francis Dolley, MLCS, UK.

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