Pakistan: Front runner for eco-friendly homes in emerging markets

Pakistan leads the emerging markets for eco-friendly and energy efficient homes, new research from property portal Lamudi shows. The country has topped Lamudi’s eco-friendly real estate ranking for the second year in a row.

Lamudi has revealed the top cities in the emerging markets for properties with eco-friendly features. The research – drawn from onsite data for more than 30 countries in Asia, Africa, the Middle East and Latin America – covers three property types: apartments, houses, and commercial space.

In the apartments category, the Pakistani city of Karachi tops the list with more than 8200 eco-friendly units listed on the Lamudi Pakistan website. Bangladesh’s capital city, Dhaka, and Amman in Jordan claim the second and third spot, respectively. These cities have the highest number of properties for sale or rent offering green features, including a high energy efficiency rating, solar panels, water tanks and grey-water systems.

Within the houses segment, Lahore, the capital city of the Pakistani province of Punjab, has the most eco-friendly homes of any city on the Lamudi platform. Karachi, also in Pakistan, places second, while Yangon, the largest city in Myanmar, comes third.

For commercial property, Chittagong in Bangladesh claims first place. The city boasts Bangladesh’s main port and is an important business hub within the South Asian region. Two Pakistani cities – Karachi and Lahore – round out the top three in this segment.

In 2013, Lamudi released research that revealed demand for sustainable homes in Asia and Latin America is skyrocketing. Pakistan topped the research, with 17 percent of property listings on the website fully or partially eco-friendly. In total, nearly half (49.5 percent) of properties listed on Lamudi Pakistan have environmentally-friendly features, up from 17 percent last year.

Paul Philipp Hermann, Co-Founder and Managing Director at Lamudi, said: “The tide is now turning for green building in the emerging markets. We believe that the demand for environmentally-friendly real estate is not just a western trend – it is a global phenomenon.

House-hunters in regions such as South Asia are now on the lookout for all the latest property features, including eco-friendly options. It is not surprising, then, that we are seeing increasing demand on our platform for both homes and office space with sustainable, eco-friendly features.”

Top 10 cities for eco-friendly property – apartments, houses, commercial

1. Apartments

Karachi
Pakistan
Dhaka
Bangladesh
Amman
Jordan
Islamabad
Pakistan
Nairobi
Kenya
Chittagong
Bangladesh
Yangon
Myanmar
Colombo
Sri Lanka
Kampala
Uganda
Accra
Ghana

2. Commercial

Chittagong
Bangladesh
Karachi
Pakistan
Lahore
Pakistan
Islamabad
Pakistan
Dhaka
Bangladesh
Nairobi
Kenya
Mirpur
Pakistan
Cox’s Bazar
Bangladesh
Jeddah
Saudi Arabia
Multan
Pakistan

3. Houses

Lahore
Pakistan
Karachi
Pakistan
Yangon
Myanmar
Islamabad
Pakistan
Nairobi
Kenya
Metro Manila
Philippines
Lekki
Nigeria
Accra
Ghana
Addis Ababa
Ethiopia
Faisalabad
Pakistan

Source: Lamudi

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