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When property will start to trade again,

(49908)
Sunday, January 4, 2009 04:37 PM 

Dear Readers,

I would like to know when people will start to invest in property again. After the recent crash of the property market experts believe that due to the deflated property empire of Dubai pakistani investors wil start to invest in the home ground.

The prices are dirt cheap for many plots if not all there is not much trading taking place. The spectators are all watching from a comfortable distance but this situation seems to be becoming stagnet. From what research I have done and articles I have read this is the bottom and prices should not fall any further. I believe to make this asumption is not fair as the market in current climate is so volatile.

But as the situation is coming to a close with India people should feel more comfortable and the cheap plots available should intice investors and buyers alike.

If the situation does not escalate and remains stable in Pakistan, I believe that there could be a geniuine come back within the market not to previous hype but a reasonable standing.

Plots in society such as DHA have had most losses in files and in plots in phase 7. This phase has seen a dramitic drop in its prices and once the dust settles this should recover the most as it was impossible to purchase a plot on ground for this prices even three months ago.

After reading the suggestions made by CMY bhai I believe that this will definately give the market a much needed lift and action should be taken accordingly.

These are some of my views I look forward to hear from readers on what they believe is held in the market in the near future.

Malik Zahid Fasal.
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