Khan88 replied on Saturday, May 26, 2018 12:46 PM
@ Tahir Lufti:
With due respect, I dont mean the whole of the year. Just before elections, there is uncertainity (next government and how the economy will play, etc.) and real estate volumes are low and people only sell if they are forced sellers this means prices dip. I cant really comment on your personal experience which may have been different to mine and a lot of my friends and other investors.
I do think prices wont go up for atleast 2-3 years at a minimum (Lahore,Islamabad, Gujranwala, Multan, Bahawalpur) owing to changes in taxation (prices will still increase in Karachi and Peshawar (just not dha Peshawar)) but the business will rebound in the long term. Investments should always be a long term strategy and quick gains in the last few years are unlikely to return soon as so many people are taking money out of Pakistan and investing abroad.
Globally credit market and money market has been squeezed as US raises interest rates, quantative easing is withdrawn and 10-year bond yields increases, I expect gold may return as an ideal investment but that is just a theory. |
