The trend of providing accommodation for tourists in the form of hotels, guesthouses and resorts is gaining traction in Pakistan, especially in the northern and southern parts of the country. This is due to an increasing tourist footfall. To meet this growing demand, the number of hotels and resorts in those areas have increased by nearly 10% in the last three years.
Here are three cities with the largest number of tourist accommodation; they offer an ROI of 20 to 35% within two to three years:
1. Gwadar
Located in Balochistan, Gwadar is a nine-hour drive from Karachi. It is famous for beautiful beaches where dolphins can be sighted frequently, mud volcanoes and Astola Island. Due to the China-Pakistan Economic Corridor (CPEC), tourist footfall has increased substantially in last year.
Available plot sizes: 300 and 500 square yards
Purchase price range (300 sq yds): Rs 17-20 million
Purchase price range(500 sq yds): Rs 22-25 million
Monthly rental range( 300 sq yds): Rs 30,000-45,000
Monthly rental range( 500 sq yds): Rs 50,000-60,000
2. Naran
Located in the Kaghan valley, 119 kilometers from Mansehra, Naran is considered to be one of of the most picturesque spots in northern Pakistan. Attractions include Lake Saif-ul-Malook, Lalasar Babusar and Noorie Valley.
Available plot sizes: 300 and 500 square yards
Purchase price range (300 sq yds): Rs 8-10 million
Purchase price range(500 sq yds): Rs 11-13 million
Monthly rental range( 300 sq yds): Rs 25,000-50,000
Monthly rental range( 500 sq yds): Rs 40,000-75,000
3. Skardu
Located in Gilgit-Baltistan, Skardu is best Known for its climbers, Skardu is easily accessible via Islamabad.Attractions include Deosai National Park, Satpara Lake, Shighar Fort and Skardu Fort.
Available plot sizes: 600 square yards
Purchase price range: Rs 3-5 million
Monthly rental range: Rs 50,000-80,000
By Nimra Sajjad. Information provided by United Property Dealers