Friday, May 26, 2017 09:24 PM PST Reply:
Dear CMY LRE
Views on budget
Observer replied on Friday, May 26, 2017 09:51 PM PST
Govt did not even touch real estate sector this year. They got afraid from last year mess
Server replied on Friday, May 26, 2017 10:23 PM PST
@ Jameel Sb where do you think market is going to stand now.
Friend replied on Friday, May 26, 2017 10:28 PM PST
It is common sense; market would fall further since no change in tax is announced so anyone can predict that property market trend would continue to be downward as even before the budget.
I would not use the word "CRASH" for the property but looking at for past 12 months history, property would slide further (aprox 20 to 30 % may be).
Allah is the best to know
Jameel Mughal® replied on Friday, May 26, 2017 11:19 PM PST
I was expecting same that govt will not touch it again, but mind you this slowness is not only due to Tax issue but cyclic nature and to consolidate gains in 2011 to 2015 period which was about 400% gain in most reputed areas. I have been watching gradual addition of Taxes from 2007 to 2015 it never created slump. In 2007 I transferred a plot in 27000 Tr charges, Now same plot can be transferred in 700000 charges.
Wait few years and a new rally will start. In between depending upon your pocket fish the property at bargain prices, Though people are asking old prices but sale is at about 10% lesser than peak prices. To me property is Lahore is at right price not underpriced nor inflated.
DHA Multan Allocation file and DHA phase 10 file prices are indicators of overall mood and that is slow.
waqas replied on Saturday, May 27, 2017 01:12 AM PST
list your poperties on www.aarz.pk
For Lahore properties, do visit:
Asad Khan replied on Monday, May 29, 2017 12:08 AM PST
It's been 3 days since budget got announced but so far CMY sir has not given his input??