Aoa, Property prices in Pakiatan have risen so much in last few years that it is impossible for an average person to purchase a house.I earn about 4000 AUD per month and hardly save 700 AUD in Australia which is 70000 per month.I dont know when will I be able to purchase property here in Pakistan.
Thanks
calculation replied on Tuesday, February 19, 2019 03:39 AM
14,000,000 / 70,000 = 200 months = 16 year (5 merla house) |
Ali replied on Tuesday, February 19, 2019 04:04 AM
At 3% annual appreciation (which is quite low estimate) the price will be 1.6 time of 1.4 crore after 16 years. This adds 84 lac extra for which you need further 120 months = 10 years of saving. During this 10 years the price will appreciate another 34% on current price for which you need 5 more years. Then year.....year.....month......2.2%......4months.....
Total 36 years :( for 5 marla house.
So invest whatever you have so that it doesn't add up and remains always out of your reach. |
Nabeel® replied on Tuesday, February 19, 2019 05:28 AM
Person with monthly saving of 70,000 rupees cannot make a house anywhere, not just Pakistan. |
Ahmad replied on Tuesday, February 19, 2019 07:23 AM
@Nabeel: That is not true! with an income of 4K per month, he can buy an apartment worth 200K. The monthly payment will be less than 700K for the finance of 30 years. |
free_man replied on Tuesday, February 19, 2019 09:18 AM
Yes Peshawar files are free and anyone can afford to buy it even Rana sb. |
filer replied on Tuesday, February 19, 2019 10:37 AM
that's why everybody is afraid of become filer in order to provide money trail because how anybody can buy DHA Peshawar plot from Rs.70,000 month savings |
Thinker replied on Tuesday, February 19, 2019 02:02 PM
I totally agree with Rana sb. The property prices in Pakistan, specially in Islamabad are out of reach of 99.99% people. All businesses need land and it is so expensive that no business is viable be it a shop or a office or agriculture or a factory. I earn Rs 5 lak per month and save 2 lak. A 10 marla house in G sector of islamabad is around 4 crores. So I need to save for 16 years and yes in 16 years the house would be 6 crores so I need around 25 years to buy that house. I am 48 so probably be dead by then. |
