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Salman akhtar

Friday, October 13, 2017 12:35 AM

I request CMY to upload audio or detailed market status and update at least for prism and prism commercial
Too much uncertainty going on
Where is CMY sb
LRE staff plz ask him to come on forum
Thx

Ahmad replied on Friday, October 13, 2017 01:59 AM

A big crash on its way!!!! It is not even a start! Wait....And...Watch!

Zain replied on Friday, October 13, 2017 02:00 AM

How CMY and others can reply! There are more focused now trying to get customers which are hard to find...

Visitor replied on Friday, October 13, 2017 09:42 AM

Nothing is going to be crashed but only few corrections are being placed where unnecessarily prices were hiked up (except files) by its players. Due to political uncertainty, and Sharif family rude response towards NAB Investigation+Judiciary, furthermore Ishaq Dar fighting face for the same, Stock Exc KSE100 is expected to be dropped around (+/- 5%) and land Property possibly to be adjusted downward a bit.
Files of DHA Bahawalpur, Multan, Peshawar possibly to grow up upon getting few green signals from above mentioned issues.
Further more, CMY is requested to give his expert opinion.

Mahmood� replied on Friday, October 13, 2017 11:00 AM

dear Brother please do not make statement which are not supported by solid arguments. Pakistani real estate market is totally different in norms and it cannot crash its cash market and people have put there savings in that and have not leveraged through bank borrowings.

In any market correction can happen but for crash it lack leverage which is the key toignite desperate selling.

Correction can be minor or major but crash is hard to digest PSX is under major correction again due to short selling option and badla market which made it towards gambling.

Muhammad Asif� replied on Saturday, October 14, 2017 06:32 PM

Yes Pakistani real estate market is cash based market and not depends on mortgages.
But cash markets(real estate) are also exposed to crashes if deals have changed hands merely on expectations of higher demand in future which resulted in oversupply, or where overseas Pakistani didn't have other lucrative options to park the savings and now they are in hot water due to situation in gulf specially.
Agree that crash in real estate is not like crashes in share markets, but did't we have crashes in pakistani RE market before? It was always a cash market.
Empty plots are not giving rents even if they are possession plots, so how many genuine buyers we will have in few coming years if we want liquidity, coz now rarely someone will buy to sell high(at least for couple of yrs- atleast) , only genuine buyer will come to the market, but how many considering this oversupply of plots and buying power of an average Pakistani.
Now think about non-possession areas and files!!

Habib replied on Sunday, October 15, 2017 06:29 AM

Cash Based Market Don't Crash Like Markets Go in Western Countries, We were expecting big Correction in 2016 post Tan news But that much did Not Happen or did Not happen at least to my Expectations, Short term there is Very Less Buyers reason is very simple that no immediate gains are expected in near future. People are closely Looking at 2018 Political Situation, As Post NS Govt either a weak PMLN Govt will come of IK will come in both situations investors will not feel good.

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