Housing production and housing markets
are components of the wider housing
system which need to be studied in parallel
to reveal complex patterns that cannot be
identified on their own. Within Pakistan,
this system is following a new pattern as a
result of its transnational migrant
population and state policy influences. This
is since Pakistan embodies a lucrative
housing industry. Multiple different
processes that can be argued to be
influenced by investment patterns and
growing aspirations of the middle class
have reconstructed the housing system in
Pakistan. As a result the increase in
overseas Pakistani investment and the rise
of demand for prestigious housing units has
fueled the production of housing in the
twin cities of Rawalpindi and Islamabad,
Pakistan. Whilst both cities are assessed,
existing class disparities created by the
stress of viable land for housing production
in Islamabad have led aspirational housing
to be produced in Rawalpindi. Moreover, to
combat housing supply constraints the
state has leveraged the rise of investment
into the production of high rise-buildings
however this has failed to be effective in the long term since it lacks affordability due
to demand created by speculative
investors.
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