Qamar replied on Tuesday, March 17, 2020 06:08 AM
Mr. Mirza,
Investors have long abandoned investing in plots. It’s the investors and the greed of people that made the plot prices reach this point.
It’s been stuck for 4 years now that buying and selling stopped due to high prices. Not that majority can’t still buy plots easily. Given the economic condition of world, market fall is imminent since no big investors ( like banks , industrialist , insurance companies ) survive without liquefying the assets for long . And as far as common people are concerned majority of it still makes hardly both ends meet.
So this lockdown will make way for prices to fall drastically.
Another factor I would like to add is rent factor.
5 marla house is currently 10m rupee with rent around 35-40 thousand in return.
Given the prices not going high from 4 years and trend will stay same
Counting inflation rate people have actually lost by investing.
It seems gloomy but hopefully you will be able to buy , lest you won’t be scared to loose your money at that time around |
