Nothing will happen
Dear Folks , I have seen a lot of posts on property trends after Budget 2019 .Here is my take on it ::
- Nothing will happen.
Prices in developed and semi developed areas will keep on increasing. Investor zones like
Gwadar and Bahria will suffer high time.Reason
1. Inflation in Pakistan is at 11 to 15 % per annum
2. Take an example :: A government officer in mid career (say Grade 18) is earning around 150000 perks included and in private sector is earning around 350000 to 400000 ( I am saying for mid career Manager in a multinational) .Even with these sort of incomes considering high utility bills , taxes, fees for good schools , expensive health care ..etc., It is virtually impossible for a person if starting from scratch to purchase a house in DHA or Wapda Town or EME ...The brunt or impact of this mis match between income and inflation will come on property gain regardless of 10 year or 3 year gain tax or any other sanction.Property value has to increase. In 2013 an average or say good 5 marla house in Lahore was 1 crore ,in 2016 it reached 1.25 crore and in 2019 it has reached 1.5 crores ..Despite all odds and uncertainties DHA Town increased from 55 to 73 even more ,
DHA Peshawar from 57 to 120 for a very good plot in last 18 months .Some areas might be stagnant but they will gain eventually. If Prism gets possession the price of a good plot can reach 2.5 crores easily
Lastly there are 6000 + dealers in Lahore alone ,Similarly Karachi and Islamabad and rest of Pakistan. The real estate guys will ensure that property prices remain stable or increase not for us but for their Rozee Rooti. Finally Punjab alone population is 11 crore + .This population itself is a mass market and would not be affected by taxes .
That is my take and better invest in places advised earlier including
DHA Multan, Prism, Peshawar DHA ...Remember our high population is our worst enemy and best opportunity