Almost all are asking what will be tipping point in the market? The point at which a series of small changes or incidents becomes significant enough to cause a larger, more important change.
It really difficult to answer this question. However one can be certain that the aforesaid point is not far away.
This is very important point not only for the buyers but for the sellers. I think more important for the later.
Today Quetta and Bahawalpur files have dropped about 20% and Lahore DHA 10 File is also marginally low.
what should be strategy at this point.
I fell sellers should weigh their demands and be prepared to come in the market unless they are willing to hold till Next positive cycle which can be about 3,4 Years away.
Buyers who are end user can continue looking at properties which are below 1.5X hype. These properties are mostly in non DHA area and will catch up slowly to meet or reach near DHA Gains :pkf
Seeking Expert Opinion replied on Thursday, June 10, 2021 03:31 AM
Kindly share your opinion on Central Park, Grand Avenue and LDA City. What expected growth you see in these projects from current level to a year time.
Thank you. |
Essa replied on Thursday, June 10, 2021 04:44 AM
Difficult to predict but not far. matter of weeks not months. Market is not buy market anymore. It is high risk low return, as of now. Following are a few pointers:
1. Initially signs of slowly down of market are imminent. This could be because of upcoming budget and to get clarity on amnesty. Nonetheless, market is bound to slow down in coming weeks not months.
2. Files and non possession plots will fall more and rapidly compared to possession areas which are ready to construct and live. This is based on past market behavior.
3. I dont expect more than 10 to 15% drop in possession areas but drop could be 25 to 30% in non possession plots. It could be as high as 50% in files. |
Dubai replied on Thursday, June 10, 2021 05:35 AM
In my humble opinion this cycle is far from over. Although healthy correction is due now. Sellers should hold onto the investments and new buyers should be ready to enter if they witness decent correction. Market should remain positive in current low interest rate environment |
Khawaja Qasim replied on Thursday, June 10, 2021 05:51 AM
Very important point, buyer should look for properties that are below 1.5X hype.
Will budget be friendly regarding realestate that is also important. |
alpha replied on Thursday, June 10, 2021 05:52 AM
High inflation a new normal world-wide post covid. |
Jameel Mughal replied on Thursday, June 10, 2021 06:32 AM
Thanks responders
For the seller, I would say there is room in these area but central park has already gain about 40% in low priced blocks, as you know this is slow rising property so beware
I will respond to others when free |
Arhum Arhum replied on Friday, June 11, 2021 03:32 PM
There is still some potential for growth everywhere I believe. Some areas will grow more and regardless of external factors like phase 9 prism due to development/possession rumours.
I say there is room for price growth everywhere because amnesty is about to the be extended (has been confirmed through few news sources) and black money is rushing into real estate right now, as CMY mentioned in his market direction video due to sale of large denomination prize bonds. This should keep the market bullish till end of year. After that, things will have to be reassessed but I do think correction is possible maybe next year. |
