Jameel replied on Monday, December 29, 2008 09:08 AM
Looking at plots prices it looks they are at recovery path, possibly duing this winter holidays there were some overseas sellers at desparately low price. The moment these plots are absorbed prices are firming again. Still DHA 8 file is even lower than before, The reason is Big files holders were expecting some recovery in price after Eid and Winter Holidays. When prices did not show any increase, They are giving on "sale price". Both sellers and buyers need patience at this moment, Buyers need to act now but they should be ready for some further adjustment in Price it may or may not happen. And sellers need to show patience ill worst time is over. File and stock ownership is different experience than Plots or Houses. Recently I invested some money in Abu Dhabi Stock which had fallen approx 60% in 6 months. I opted to invest in 2 strong banks NBAD and UNB whose shares were falling along with other 3rd class worthless Companies due to negative sentiment in market. To invest at 25%/33% of peak value could have been very good Buy, But when it futher came down only about 5 to 10%, To get rid of stress i quickly ofloaded most of them though I was sure they will definitely come up. I think Stock and file give you feeling that you are just holding a piece of paper. Where as real property you have different feeling sometimes you never sell. |