Nabeel® replied on Saturday, June 4, 2016 07:49 AM
Right now, with major infrastructure works all around Lahore, as CMY said, fundamentals are positive.
South side all societies are gaining more due to increased connectivity through Raiwind road expansions, Defence road, Alternate Raiwind road and Kahna Kacha flyover. A rising tide as they say, raises all the ships, so even historically weak societies like Chinar Bagh have gained.
The Ring road is also one major factor which will continue to put a positive impact on prices wherever it passes through, northern or southern side. As it comes closer to completion, the impact will be greater.
On the negative side, the new taxes will have an impact,greater on short-term flippers,lesser on medium and long-term holders. But overall should benefit the market by stopping it from over-heating and avoiding a 2008 Dubai like property bust which hurt everyone.
Whether the positive factors will override the negative ones, only time will tell.
Personally I feel, holders in weaker societies should utilise their recent gains and move to more prestigious societies like DHA or Bahria which will continue to give gains when the dust has settled. Again it depends on everyone's personal circumstances whether they want to use today's locked value to build a 1 kanal house in an average society in future, or a 10 marla house in a good society or a 5 marla house in a prestigious society like DHA. |
