Habib replied on Monday, July 18, 2016 11:38 AM
Dar have nothing to do here, Slow down in real estate sector was expected and there were clear signs about that These Taxes have actually put oil on already burning fuel.
Even if Dar will say every thing comes Back to usual the Momentum have been broken. The Sale Purchase will stop to very low Level the Demand prices will remain higher Many Months even Up to year, Only desperate sellers will sell. After 6 months if situation will remain like this then fall of prices will be there and market will enter in Slump period.
In 2005 there were no new Taxes and same thing happened Prices stopped Growing in early 2005 and Bottomed in 2008 to 2009.
Each times Boom and Slump comes we give many intelligent reasons to blame this and that but it is hallmark of all business no matter Gold, Oil stock etc.
That is why CMY said many estates will close Quick gains are unhealthy and in Slow upward moving markets every one enjoys.
I feel sorry for Those who purchased inflated properties in Hype in spite of warnings to seasoned analysts.
Investors will find way to exit |
