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When the development of Gwadar Port was announced in 2002, investors jumped at what seemed to be a lucrative investment opportunity. Large plots of land were made available to develop residential, commercial and recreational projects, and the demand for property and its value skyrocketed in anticipation of Gwadar becoming a bustling port city.
Unfortunately, several events including the security situation and the real estate crash in 2005 led to a decline in the demand for property in Gwadar.
However, the recent news regarding the takeover of operational control of Gwadar by Chinese firms has created renewed interest in property there; prices have increased by 50 to 150% and are expected to rise further by the end of the year. Incentives for investors include tax rebates and electricity at subsidised rates. Continue reading