Rehman, Atiq-ur- (2014): Real Estate Business in Pakistan and Its Economic Implications.
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Abstract
The real estate Business has been one of the most attractive businesses in Pakistan during the last decade. This business minimizes the investment risk and offers high profit margin simultaneously. Therefore this business attracted lot of investment. However, this business has very important implications for several socio- economic indicators. The real estate business demands huge amount of investments and earns high profit margin than the ordinary investment, therefore leads to increased income inequality. The real estate investment reduces the velocity of money leading toward lower level of production. The attraction of industrial investment reduces because of this business. However, no scientific study on the consequences of real estate business exists for Pakistan. This study discusses the economic consequences of real estate business and proposes some reforms to reduce the undesirable consequences of this business.
| Item Type: | MPRA Paper |
|---|---|
| Original Title: | Real Estate Business in Pakistan and Its Economic Implications |
| Language: | English |
| Keywords: | Real Estate, Capital Intensive, Investment, Remittances |
| Subjects: | R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R0 - General R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R3 - Real Estate Markets, Spatial Production Analysis, and Firm Location |
| Item ID: | 44770 |
| Depositing User: | Atiq-ur- Rehman |
| Date Deposited: | 25 Feb 2014 08:28 |
| Last Modified: | 26 Sep 2019 10:20 |
| References: | Wikipedia, the free online encyclopedia: http://en.wikipedia.org/wiki/Real_estate Dennis J. McKenzie, Richard M. Betts, Carol A. Jensen (2010), Essentials of Real Estate Economics, Cengage Learning, USA Wheaton, W.( 2011), Real Estate Economics, Course Outlines, Massachusetts Institute of Technology. http://web.mit.edu/cre/education/pdf/REeconFall11.pdf Research Centre for Construction and Real Estate Economics, http://www.bre.polyu.edu.hk/rccree/introduction.htm Ministry of Commerce, Government of Pakistan, Study on the State of Domestic Commerce in Pakistan, Real Estate in Pakistan, http://www.commerce.gov.pk/Downloads/Real_Estate_Study.pdf List of Pakistanis by net worth, http://en.wikipedia.org/wiki/List_of_Pakistanis_by_net_worth Malik Riaz Hussain, an Exclusive Interview with CNN Chairman Bahria Town, http://bahriatown.com/index.php?option=com_content&task=view&id=281&Itemid=119 |
| URI: | https://mpra.ub.uni-muenchen.de/id/eprint/44770 |
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