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Lahore Real Estate Forum: Property News & Community Talk : ,

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   Thinker
Tuesday, May 14, 2019 02:33 PM 
Reply: >
So with the new amnesty scheme where property can be declared by paying 1 percent tax, do you think it will have any impact on this dead market ? Will investors bring out their cash ?
Amnesty replied on Wednesday, May 15, 2019 04:28 AM 

Of course it will impact positively for the market. Most of the black sheeps will become saint. Real estate like other commodities gold etc is going to shoot up. Even right now the market has started to show signs of buying since people are very much worried about the budget and the prices might go up in later half of the year. Increase in 10-15 % prices in 4-5 months. Personal experience. People also have started to store commodities and consumables in bulk. Population will increase. So is the demand for plots. People with hard earned money abroad or local usually invest in Pakistan in property or commodities.
Thinker1 replied on Wednesday, May 15, 2019 04:53 AM 

I don’t know how people start to think like property will move up when all indicators are against property.
Current Property prices still doesn’t justify the worth it’s holding.
You will see a mini fall in property just like stocks and it will last two years at least to come back to the price what it’s holding currently.
Amnesty replied on Wednesday, May 15, 2019 08:19 AM 

Just a personal experience. We as a nation relate everything with dollar. If inflation is going high, so are the prices of everything.
My comment is with respect to personal experience and for the developed areas like DHA and Bahria. For the investers ofcourse in under developed areas or the schemes which recently began will take time to rise in 2-3 years. But property and commodities are the most secure areas where the money can be parked for people securing for their children or
for building their own house, or even investing long term. Prices in the developed areas havent gone down but stalled and have just started going up recently.
Icon replied on Wednesday, May 15, 2019 09:00 AM 

www.express.com.pk/epaper/PoPupwindow.aspx?newsID=&Issue=NP_LHE&Date=20190515

going up
Abdul Ghafoor replied on Thursday, May 16, 2019 03:26 AM 

It all comes down to supply and demand. There are way too many plots available in Lahore. Phase 8, Phase 7, Prism, DHA Multan, Bahawalpur, Gujranwala. And unfortunately not as many buyers.
Habib replied on Thursday, May 16, 2019 04:58 AM 

I wonder is there any positive or negative experience after declaration of Assets, especially by over seas, and there is Confusion of Valuation, as per Previous rules it should be the purchasing price , Now FBR is saying it should be 1.5 X FBR, in some areas of Lahore Current market price is already FBR Price For example Valencia?? then what \
Some of my friends declared only "Some" of Their assets Just to get NTN My question is if they will have to declare remaining Property then what?
Khan88 replied on Thursday, May 16, 2019 07:01 AM 

Property is going down, to follow stock market and beleive it or not its great for many investors!
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