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WHEN PROPERTY WILL RESUME TO NORMALITY,

(49876)
   Hassan
Tuesday, December 30, 2008 07:10 PM 
Reply: >
AA

I would like people to voice there opinions on when they believe that property prices will resume to some sort of normality have prices hit rock bottom or time for more falling.

I would like to know whether estate agents like CMY are able to sel plots in current climate or has selling and purchasing come to a complete holt can people specify if this is the case and when the turn around or some stability likely to take place.

Further more Real estate agents adviced us to invest in phase 8 files but the have not been balloted and people claimed they had solid proof there again people are stuck. I am one of those I beleieve that this information will help many others as well as myself is it time to sell or hold.
limo replied on Wednesday, December 31, 2008 07:07 AM 

There are no positive signs of recovery yet.If you can stomach phase 8 for another 3 years, its fine otherwise try to come out of it as early as possible.Presently each passing day is adversely effecting the worth of your property.
Jameel replied on Wednesday, December 31, 2008 08:44 AM 

The prices of inpopulated or Under developed aereas are low, otherwise see the prices above mentioned by CMY in DHA 1 to 5, WAPDA, Valancia etc they are even more than they were 6 months back.
Rehman- Qatar replied on Wednesday, December 31, 2008 08:49 AM 

Jameel: I have seen a decline the house prices in WAPDA, Valencia , Johar Town, EME etc. DO u say that house prices in these areas have stopped decreasing...

Whats your view, going forward, about the house prices in already occupied areas
Jameel replied on Wednesday, December 31, 2008 09:37 AM 

My Point is Files lose more Plots less and populated areas even lesser.
Now you see the differnce DHA 8 File slid from 39 to 32 where as DHA 6,7 Plots did not show marked difference only 2,3 Lac adjustment. Other areas like WAPDA and Valancia are also cheaper than 6 Months before but difference is only 1,2 lac
If If you see the Difference from 2005 to 2009 price it is like this
DHA 8 75 to 32
DHA 7 65 to [34-9]
WAPDA 10 Merla 28 to 31
Valancia Kanal 45 to 43
reality bites replied on Wednesday, December 31, 2008 11:28 AM 

India and Izrael have hooked up to undermine everything and anything Pakistani/Muslim. Their alliance is getting stronger and stronger. Thus, there is no good news in sight for Pakistan.
Khalil replied on Wednesday, December 31, 2008 11:43 AM 

These agents will keep presenting the rosy picture of market and telling you this is the right time to buy, They must have said so when you bought this file too I whole hearted suggest not to buy any think at this stage, Market is sliding every day and when it will stop sliding it will remain still for quite some time and that will be the ideal time to buy. No hurry at this stage otherwise you will lose just see if you have bought yesterday today would have loose few thousand. I whole heartedly suggest to keep your money with you and wait till market gets still pricewise.

Hassan Bhai you do not have any choice but to wait to get your investment in full.
asim replied on Wednesday, December 31, 2008 07:40 PM 

seriously i dont see any slum in property in islamabad. infact its increasing day by day no matter we were on edge of the war.
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