North Nazimabad is a very affluent secure and stable neighborhood in Karachi with a continuously high demand for properties of all kinds. Although the state of the real-estate market in Pakistan in 2015 has been slightly flat overall this does not apply to every area of every city. Naturally some cities fall above or below national trends and likewise some neighborhoods can fall above or below citywide trends.
Not only is the neighborhood of North Nazimabad very economically healthy it is also well-placed culturally and geographically. It is located very near to the national M-9 highway that takes you to Hyderabad and and points north such as Islamabad and other cities in the Punjab province. Here there is also access to some of the most scenic green spaces in southern Sindh. For example only a few minutes away is the Manghopir Lake. A bit further there is the Hub River and the Dureji Road which takes you up the river to the Hub Dam Wildlife Sanctuary.
As mentioned above the pricing of property in Pakistan overall is a bit flat but that does not mean prices in major cities don't increase. Still those looking for short-term investments may not be interested but long-term players will not have trouble seeing the value of buying property in North Nazimabad. Naturally long-term investors are generally more interested in buying houses since they have a more permanent character. That said those who know the value of ownership ytqwill also certainly know the value of diversifying investments. Thus buying a house for sale in North Karachi is not the only option.
As mentioned above buying a house for sale in North Nazimabad is not the only option for smart investors. Apartments for sale are also a good option for several reasons. Compared to buying a house for sale in North Nazimabad Karachi buying an apartment is relatively inexpensive. Apartments are on average approximately one-tenth the cost of houses. And given the more temporary and youthful character of apartments in general there is usually more turnover with tenants (if owners decide to rent them out). A higher turnover in tenants means more opportunities to perform maintenance and even to revise rent prices.
As with purchasing apartments and houses purchasing land has its own benefits and drawbacks. Compared to both apartments and houses the costs associated with land investments often extend quite a deal more than initial purchase prices. There are construction material and labor costs to be taken into consideration as well. Purchasing land offers a flexibility of usage that neither houses nor apartments can provide. One other important consideration for buying land is zoning regulations. Normally plots of land fall under either residential or commercial categories which should be taken into account before purchase.