Lahore Real Estate Forum

Start NEW Topic Or Post Advertisment

                                                          
 
Back to Forum |

pakistan banao certificate,

(115738)
   navid
Friday, February 1, 2019 12:34 AM 
Reply: >
Please discuss the impact of Pakistan banao certificate on property market which is already in slump... Will it put property market under further pressure as Overseas pakistanis will find this way to park their money? Already a plot of worth 1 lac USD has lost its value by 30% in previous 1 year and is now available at 70k USD in many big schemes e..g, I could have sold my prism A block plot of in 1 lac USD in 2017 but i chose to chose to pay 20K USD on it further. But now its worth is not more than 90K USD.

Ur take: ?
M. Asif replied on Friday, February 1, 2019 10:51 AM 

Indeed very important issue to discuss,
and another big factor "NIYA PAKISTAN HOUSING PROJECT"
Thinker replied on Friday, February 1, 2019 01:07 PM 

I think that overseas Pakistani's wont invest in property till the uncertainty about the price of dollar is settled. Government is not announcing where they want to keep the Rupee (perhaps they dont have any idea). If overseas Pakistani know for sure that rupee will stay at 139 for the next 1 to 2 years they will invest, however with no guidance for the future they will prefer to keep their money in any international currency rather than convert to Rupee and take a hit.
Secondly I dont foresee any major investment in these bonds, as people are not sure if they ll get back their money in dollars 3 or 5 years from now, specially if Pakistan runs out of dollars. This will happen as we are still losing 1.4 billion dollars a month, so aid by Saudia and UAE can only avert the collapse for another 4 months but cannot fix the bleeding.
In short property will stay down in the 3 years, specially since FBR is hunting down every one who is investing in property. Investment in BT has become insecure and also in thousands of other societies.
Talha101 replied on Friday, February 1, 2019 09:14 PM 

I think overseas have option to invest in these certificates for three years , my calculations as follows:

Invest 1 crore pkr in certificate in dollars @139 that will buy 72k$ and it will become 80K$ after 3 years. At that time , usd will be at least @155-160 thereby net worth will become 1.3 crore ,,,,
Now coming to plots, a plot of worth 1crore is expected to either loose its value to 85-90 lac after next three years or it will remain stagnant to same 1 crore because of severe crisis of property market in Pakistan and the threat of FBR...
Atta replied on Saturday, February 2, 2019 04:15 AM 

@Talha101
72k$ should become >86k$ in 3 years, even if the profit is not re-invested. What do you think?
Ali replied on Saturday, February 2, 2019 08:43 AM 

With above 6% return, it's a matter of time people cash the assets. Who cares where the money will be invested?
>