Nabeel® replied on Thursday, October 20, 2016 10:49 AM
To be honest till today price drops have not been very significant, many on hold, some fallen. Only activity has reduced.
Bahria Orchard 10 Marla prices dropped by 8.5% in September alone as per Zameen.com
CMY Sb. mentioned "many lakhs" reduction in Prism.
I have spoken to a few renowned dealers and they have mentioned some reduction in 1 kanal prices in Phase 7, and a negative outlook for Prism over the short-term with recommendations to hold buying.
The Middle East factor is looking increasingly bad for 2017, a few friends have gotten laid off recently and the outlook for 2017 is worse than 2016. Oil agreements look increasingly difficult to happen, and in its absence Shale Oil continues to affect the create the new equilibrium.
I hope people do not blindly start plugging their money into Pakistan stock exchange seeing its dizzying performance since last year : Everyone cannot be a winner, and when it crashes it will be ugly.
Economists are saying it is a time of "wealth preservation". |
