There is Significant Correction in Phase 8 plots prices all are ready for possession, How it will affect other sectors of DHA? It is big question
In past whenever there was slump, DHA was worst affected as huge proportion are investors.
M ZahidŽ replied on Monday, October 23, 2017 08:03 AM
This trend is not over yet and will continue to drag prices down in the coming months. You may see some slow down in downward trend in December owing to homecoming of overseas friends. But December may dampen the hopes of short term holder for not getting the rate they expect. This may result into desperation in early 2018 and taking down the price further. Due to turmoil on political stage, reality market is not on the spotlight of political players. Self correction will continue in 2018 until new govt comes into office. Some policy measures are outlined by new govt to bolster real estate.
In fifth IMF programme, two topics of taxation were agreed by finance minister. One was real estate and other was agriculture. FBR evaluation was part of agreed measure with IMF but agri taxation could not go ahead. As the rumours are rife, that Pakistan have to go again to IMF for bailout. Then certainly it is expected, IMF will push for proper taxation on real estate and agri business along with widening taxation base. |
