Is the bubble about to burst ?
I posted a Message about property bubble in Pakistan soon after Cmy released his property Analysis audio and CLEARLY Said there is no Bubble in the Market,
I gave a detailed analysis How this is a Bubble and may burst any time
I have a Feeling from now onward you will see a major impact on the
prices, Prism Nearly Doubled in past 4-5 months which was extra ordinary !
80% of the market is black, Just imagine when they pull out from property market, what happens then, I am sure few big fish can bribe and get away from FBR, But how will the majority Show their means and how they earned their money.
Increase of tax here is very minor compare to the issue of black money,
If there was only the issue of higher taxes, there might be a correction of 4-5 lac average on 50 lac property,
But the change in law will also ask you to provide the way you earned the money< this is a major issue and will have huge HUGE consequences in both short and long term
Because even if your money is Halal, very few Pay taxes
Foreign Investment is not looking good either, Eu is on the Brink of a Major Recession again after brexit
GCc and saudi Companies are letting go of staff !
Political uncertainty, Qadri is back and this time PPP is with Imran Khan, And for those how really think Nawaz Sharif underwent a heart bypass, ALLAH help you
I have a Prediction, Property Market will at least Reduce by 30-50% in next year or so !
I also Mentioned in my previous message how I feel bad for people who bought the property when prices were inflated,
I have a Feeling DHA and Other Developers knew this was coming and with the help of few Property dealer they inflated the market,by holding or buying the property from market !
I am not a supporter of PMLN, but if they implement this properly, it is an excellent step !
A bubble is when you have unnatural growth compare to other economic and social factors(See my last post),
this was bound to happen, and I never predicted this severe
From now on relax for a few days see what the outcome is.
Do NOT go into the FRENZY of selling the property as this will make the situation worse and will hugely effect the people who just brought properties in the last few day/months
And Please Please Please stop relying on Property Dealers they are Half involved in the price hike rest half is Black Money,
I Know I am going to get a lot of criticism over this, I will try to answer as many as possible.