Murder-Free Days Drive Property Boom in Karachi
- Karachi has seen real estate prices rise 22% in the past year
- Killings, kidnappings and street theft have all been reduced
Newly constructed apartments stand in Karachi.
Photographer: Asim Hafeez/BloombergThis article is for subscribers only.
Anyone who bought property during the bloody carnage in Pakistan’s biggest city over the past few years is now cashing in.
Property prices are growing faster in Karachi than in any other major Pakistani city this year as the streets become safer following a security blitz that began in September 2013. Police have counted 68 murder-free days from August 2014 until early December, and the average number of daily killings has to four from about seven.