Jameel replied on Thursday, December 25, 2008 09:58 PM
Saeed Hamid,
A Lot depends on DHA itself How soon they develop phase 7 and Ballot of DHA 8, If prices in DHA recovered after phase 8 Ballot then it can trigger recovery, Pak Rupee has stopped sliding down for last 2 Months, Rather it recovered from 1:84 to 1:78 Level, But still positive sentiment of realestate investors is lacking. Butlooksin couple of Mnths market will come again at level where it was in September ie 5 to 7% recovery.
Umaey in 2009 Pakistan propery may fall to 30% if you are talking of inflation adjusted pice, like 25% Food inflation again and 5% price drop but 30% fall in figures does not look possible. Till date prices of rice and wheat are lower than last year so as matter of fact there is deflation.
Nose dive KSE will not hurt or help realestate market, when stock crashes money is wiped off, not in pocket of someone rather vanishes. 2ndly stock mony could only come in realestate if it was booming, But at this time all investors are unhappy, No matter stock, files plots or houses. In coming few months there will be some investment in National saving but how Govt utelizes this money it is different case. |
