3.
different property types (flats,
PAKISTAN HOUSE
PRICES 2023
Abstract
This dataset provides comprehensive
information on residential properties
across various cities in Pakistan,
including Islamabad, Lahore, Karachi,
and Rawalpindi. The dataset
encompasses details such as property
type, price, location, size, and purpose
(For Sale or For Rent). The properties
include flats, houses, penthouses, and
upper/lower portions.
The dataset reveals diverse trends in the
real estate market, showcasing
variations in property prices, sizes, and
demand across different cities and
property types. For instance, the dataset
includes information on luxury
penthouses in upscale neighborhoods,
affordable flats for sale or rent, and
spacious houses with various amenities.
Key insights can be drawn from
analyzing this dataset, including:
1. Regional Disparities: Variation in
property prices and demand
across different cities,
highlighting regional real estate
dynamics.
2. Property Type Preferences:
Understanding the popularity of
houses, etc.) in the market.
4. Market Trends: Observing trends
in property sizes, prices, and
purposes (For Sale or For Rent)
can provide valuable insights into
market dynamics.
5. Investment Opportunities:
Identifying potential investment
opportunities based on emerging
patterns and demand for specific
property types.
Researchers, analysts, and stakeholders
in the real estate sector can leverage this
dataset to gain valuable insights into the
evolving landscape of the Pakistani real
estate market. Analysis of this dataset
can inform strategic decision-making,
market predictions, and the formulation
of effective real estate policies.
It's essential to note that the dataset is a
snapshot of a dynamic real estate
market, and continuous updates would
enhance its relevance for ongoing
research and analysis.
Introduction:
The real estate sector serves as a pivotal
component of a nation's economic
framework, reflecting the vibrancy and
growth potential of its urban and
suburban landscapes. The Pakistani real
estate market, characterized by its
dynamic nature and diverse offerings,
stands as a testament to the evolving
preferences and demands of a
burgeoning population. This dataset
encapsulates a comprehensive overview
of residential properties in key cities of
Pakistan, including Islamabad, Lahore,
Karachi, and Rawalpindi. By delving into
the intricate details of property types,
prices, locations, and sizes, the dataset
provides a valuable resource for
researchers, analysts, and stakeholders
seeking a nuanced understanding of the
current real estate scenario.
The study of real estate dynamics is
imperative for various reasons, ranging
from economic indicators to societal
trends. The real estate market serves as
a barometer for economic health,
reflecting investment patterns,
consumer behavior, and regional
development. In the context of Pakistan,
a country with a rapidly growing
population and urbanization trends, the
real estate sector plays a crucial role in
shaping the physical and economic
landscape. Understanding the factors
influencing property prices, the
popularity of different property types,
and the regional variations in demand is
essential for both policymakers and
market participants.
Dataset Overview:
This dataset encompasses a rich array of
information, including property types
such as flats, houses, penthouses, and
upper/lower portions. Details on prices,
locations, and sizes further contribute to
a comprehensive analysis of the market.
The dataset also categorizes properties
based on their purpose, distinguishing
between those available for sale and
those offered for rent. Such granularity
allows for a nuanced exploration of
market trends, enabling stakeholders to
make informed decisions and
predictions.
Research Objectives:
The primary objectives of utilizing this
dataset are to:
1. Understand Regional
Disparities: Investigate variations
in property prices, sizes, and
demand across key cities in
Pakistan.
2. Identify Property Type
Preferences: Examine the
popularity of different property
types and their respective market
trends.
3. Analyze Market Dynamics:
Explore patterns in property sizes,
prices, and purposes (For Sale or
For Rent) to discern market
dynamics.
4. Evaluate Investment
Opportunities: Assess potential
investment prospects based on
emerging patterns and demand
for specific property types.
LITERATURE SURVEY

Article title Author(s) Methodology used Gap and

recommendation
Economic Factors M.T. Khan Abdul Wali Used by Autoregressive Apart from the
Influencing Housing Khan University, distributed lag (ARDL) authorities’ decisions,
Prices in Pakistan Mardan, Pakistan there were strong
expectations for this
sector to grow rapidly
in the future. The
findings of the current
study suggest that
there should be a well-
structured,
transparent, and
centralized framework,
and that the central
bank should provide a
separate platform
where the loans are
being used for their
intended use in
productive investment
instead of dead
investment, This will
lead to higher
employment and
investment as well as a
reduction in housing
prices
Increasing Housing Anwar Hussain, Ateeq Data Sources and The population of
Demand in Pakistan Ahmed, and Wajahat statistical analyst Pakistan increased over
Hussain time at district,
provincial and national
levels. The population
explosion along with
other factors such as
urbanization, foreign
remittances, migration,
conflicts, real estate
business, and
government policies
which drastically
impact the housing
market dynamics. It is
the responsibility of
the government to
provide housing

Uncertainty and Risk Rafiq Ahmed * Syed
Analysis of Pakistan’s Tahseen Jawaid „
Housing Market: Fan Samina Khalil
Chart Approach
Problem Statement: Housing Market
Dynamics and Challenges in Islamabad,
Lahore, Karachi, and Rawalpindi
The dataset presents a comprehensive
overview of the real estate landscape in major
cities of Pakistan, including Islamabad, Lahore,
Karachi, and Rawalpindi. The primary focus is
on housing units available for sale and rent,
encompassing a variety of property types such
as flats, houses, penthouses, and upper/lower
portions.
Key Issues:
1. Housing Affordability: The dataset
underscores a range of property
prices, raising concerns about housing
affordability. Analyzing the distribution
of prices and types of properties can
shed light on the accessibility of
housing for different income groups.
2. Regional Disparities: There are
notable variations in property prices
and growth rates across different
facilities at affordable
prices to accommodate
the poor masses
This serves as a pioneer This analysis of the
study to forecast house housing sector can be
prices (HP), foreign performed for
direct investment (FDI), domestic and
and worker’s commercial units
remittances (WR) separately and it will
serve for further
research. There is a
huge potential in the
housing sector to
contribute substantially
to the economic
development of the
country.
areas within each city. Understanding
these regional disparities is crucial for
urban planning and targeted policy
interventions.
3. Supply and Demand Dynamics: The
dataset provides insights into the
demand and supply dynamics in the
housing market. Examining the ratio of
available properties for sale versus
those for rent, and the trends in these
categories, can offer valuable
information for market stakeholders.
4. Population Growth Impact: The
exponential population growth
mentioned in the dataset raises
concerns about the future demand for
housing. Analyzing the correlation
between population growth and
housing demand is imperative for
forecasting future challenges.
5. Urbanization Trends: The data
highlights the ongoing urbanization in
Pakistan, with a significant proportion
of the population shifting to urban
areas. This trend poses challenges for
infrastructure development and
requires a strategic approach to
 address housing needs in urban
centers.
Objectives:
1. To assess the affordability of housing
in different segments of the market.
2. To identify patterns of regional
disparities in property prices and
growth rates.
3. To analyze the dynamics of supply and
demand in the housing market.
4. To investigate the correlation between
population growth and housing
demand.
5. To understand the implications of
urbanization trends on housing
challenges.
Significance:
Understanding the intricacies of the housing
market is essential for policymakers, urban
planners, and real estate developers. The
findings derived from this dataset can inform
evidence-based decision-making processes,
allowing for targeted interventions to address
housing affordability, regional disparities, and
the impact of population growth and
urbanization on the housing landscape.
Data Preprocessing for Real Estate
Dataset
The real estate dataset provided consists
of property listings across various
locations in Islamabad, Lahore, Karachi,
and Rawalpindi. Before conducting any
analysis or modeling, it is essential to
preprocess the data to ensure its quality
and consistency. Here's an overview of
the preprocessing steps:
1. Handling Missing Values:
• Identify and address any missing
values in critical columns such as
price, location, and size.
• Depending on the extent of
missing data, consider imputation
or removal.
2. Removing Duplicates:
• Check for and eliminate duplicate
entries to maintain a unique set
of property listings.
3. Standardizing Data Types:
• Ensure consistent data types for
relevant attributes, such as
converting price to numeric
values and location to categorical
variables.
• If applicable, format date-related
columns consistently.
4. Handling Outliers:
• Identify outliers in numerical
features like property price and
size.
• Decide whether to remove
extreme values or apply
transformations based on the
analysis.
5. Feature Engineering:
• Extract additional insights by
splitting the location into city and
specific areas.
 • Create new features, such as price
per square foot, to enrich the
dataset.
6. Dealing with Categorical Data:
7. Normalization and Scaling:
• Normalize numerical features to
bring them to a standard scale for
fair comparisons.
• Apply logarithmic scaling for
highly skewed distributions.
8. Handling Imbalanced Data (if
applicable):
• Check for imbalances in
categorical variables and apply
balancing techniques if necessary.
11. Data Splitting: - If applicable, split
the dataset into training and testing sets
for subsequent model development and
evaluation.
• Transform categorical variables
into numerical equivalents using
techniques like one-hot
encoding.
• Ensure consistency in category
names and consider merging
similar categories.
9. Data Integration:
• If relevant, integrate additional
datasets to enhance the scope
and depth of the analysis.
10. Exploratory Data Analysis (EDA): -
Perform preliminary EDA to uncover
patterns, trends, and potential outliers
post-preprocessing.
12. Documentation: - Maintain clear
documentation of all preprocessing
steps, transformations, and decisions
made for future reference and
collaboration.
Conclusion: experts to leverage
collective expertise in
In conclusion, the "Pakistan House Prices interpreting dataset trends,
2023" dataset provides a comprehensive addressing housing
view of the real estate market across challenges, and
major cities, reflecting the diverse formulating effective
landscape of residential properties in strategies.
Islamabad, Lahore, Karachi, and 3. In-Depth Regional Analyses:
Rawalpindi. The dataset's detailed • Further explore regional
information on property types, prices, disparities identified in the
locations, and purposes (For Sale or For dataset, conducting more
Rent) serves as a valuable resource for in-depth analyses at the
researchers, analysts, and stakeholders city and neighborhood
in the real estate sector. levels. This will provide a
nuanced understanding of
The literature survey complements the localized real estate
dataset by incorporating insights from dynamics.
various studies on economic factors, 4. Affordability Studies:
housing demand, and risk analysis in • Conduct detailed studies
Pakistan's housing market. These studies on housing affordability,
contribute to a broader understanding considering income
of the factors influencing the real estate segments and accessibility
dynamics, providing context for the for various socio-economic
dataset's findings. groups. This can inform
policies aimed at ensuring
Recommendations: housing inclusivity.
5. Population Growth Impact
1. Continuous Data Updates: Assessment:
• Given the dynamic nature • Extend the analysis to
of the real estate market, it assess the impact of
is recommended to ensure population growth on
regular updates to the housing demand more
dataset. This will enhance comprehensively.
its relevance for ongoing Understanding
research, analysis, and demographic shifts is
decision-making. crucial for anticipating
2. Collaborative Research Efforts: future challenges.
• Encourage collaboration 6. Urbanization Strategies:
between researchers, • Formulate urbanization
policymakers, and industry strategies that address the
 challenges posed by
significant population
shifts to urban areas. This
includes sustainable
infrastructure development
and innovative housing
solutions.
7. Machine Learning and
Predictive Modeling:
• Explore the application of
machine learning and
predictive modeling to
forecast future trends in
the real estate market. This
can aid in proactive
decision-making and
policy formulation.
8. Public-Private Partnerships:
• Encourage public-private
partnerships to address
housing challenges
collaboratively. Engaging
both sectors can lead to
innovative solutions and
expedite the
implementation of housing
policies.

References
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Market: Fan Chart Approach. South Asian Journal of Management Sciences, 15(1), 69–96.

https://doi.org/10.21621/sajms.2021151.05

Khan, M. T. (2023). Economic Factors Influencing Housing Prices in Pakistan. Review of Business

and Economics Studies, 11(3), 49–67. https://doi.org/10.26794/2308-944X-2023-11-3-49-67

Hussain, A., Ahmed, A., & Hussain, W. (2022). Increasing Housing Demand in Pakistan. In A.

Kundu, T. Ponce Dentinho, H. Magsi, K. Basu, & S. Bandyopadhyay (Eds.), Accessible Housing

for South Asia (pp. 103–125). Springer International Publishing. https://doi.org/10.1007/978-3-

030-88881-7_6