Ali3 replied on Thursday, February 5, 2009 06:02 PM
Over supply of plots, more and more will come in market as the societies develop and give possessions. Open lands or plots are used as investments in Pakistan, ultimately those investments come in the market for sale. Also, property prices have fallen all over the world. Many countries have laws that if the allotee does not build within two years, the allotment will be canceled without notice. In Denmark (or Norway?) there's a law that if a property is vacant for a year then anybody can move in for free. I saw that on "The Travel Channel". In Russia the government gives free land to any citizen if someone wants to build a house. Same in many other countries. Only in Pakistan such system exists that first the government and the bureaucrats create an artificial shortage, then blackmail the people who genuinely need a home or place for work such as shop or industry. This is because in Pakistan, every politician and government is a businessman too, and they want to become rich overnight without having to do nay work. |
