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Upward Surge?,

(110705)
   Analyst
Monday, August 28, 2017 02:40 PM 
Reply: >
The overall trend of prices of plots/files is either stagnant or somewhat downward; is there any specific place where prices are surged upwards i..e. Gawadar, schemes near new international airport Islamabad or any others: please furnish your analysis / comments.
Mubeen Asghar replied on Tuesday, August 29, 2017 04:11 AM 

Asslam a alaikum,

Sir, the downward trend is due to the political uncertainty, it would not remain same, it will start improving most probably after Muharram, and DHA Peshawar files had seen an upward trend i.e moved from 49 to 59 Lacs with in last 1.5 months, the reason for this is the balloting in DHA Peshawar.

Thanks
Mubeen Asghar
+
Lahore Real Estate
Riaz 44 replied on Tuesday, August 29, 2017 05:35 AM 

The market is downwards due to following factors
1.Over supply of plots and files
2.Overpricing
3.taxes

Real estate sector of Pakistan has changes after the 2016 taxes. No short term gains anymore. The property will now gain with the passage of time. This is new dynamics and there will not no sudden increases.Political issue has very little impact on this. Prism plots and Phase 10 files will see bigger corrections.
Mirza replied on Tuesday, August 29, 2017 12:04 PM 

I have been hearing from LRE at different portals that prices will increase after one month. after eid and now after Muharram.. funny...

Agree with Riaz.. Actual Reasons;

1 - Taxes
2 - over supply
3 - over priced..
MANSOOR replied on Tuesday, August 29, 2017 04:22 PM 

I was surprised to know recently that buying 1K plot in Prism will cost 515000 in taxes. Add 1 percent commission to that for total cost.
ACH replied on Tuesday, August 29, 2017 06:50 PM 

Property prices will not increase due to following reasons:
1- Because Pakistan is not a heaven anymore for the people with black money, as they are shift their money in different countries and are not investing in property anymore.
2. Bad shape of Middle East , and other countries economy

3. Poor purchasing power of Genuine tax payers to buy 2 to 3 corers property
Faheem replied on Wednesday, August 30, 2017 02:44 PM 

I am agree with Riaz, Nabeel, Mirza, Mansoor and ACH. Collectively you have summed up the problems.
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