Lahore Real Estate Market Pulse Mar 18, AM
DHA Lahore Files Prices:
DHA Lahore Phase 5 M Block Allocation File 1 Kanal seller at 3150. Lacs
DHA Lahore Phase 5 Extension Allocation File: Buyer(s) at 24.90 Sellers(s) at 25 lacs
DHA Lahore Phase 6 Allocation File Sellers(s) at 34.00 Lacs
DHA Lahore Phase 7 Allocation File Sellers(s) at 20.50 Lacs
DHA Lahore Phase 8 Allocation File Buyer(s) at 34.45 Seller(s) at 34.50 Lacs
Parkview-DHA-8 Lahore 1 kanal allocation TRANSFER file Buyer(s) at 27.40 Seller(s) at 27.45 Please note OPEN files are priced lower.
Parkview-DHA-8 10 Marla allocation Buyer(s) at 20 Lacs Seller(s)at 20.05 Lacs.
DHA Lahore Phase 9/10 Allocation File Buyer(s) at 14.80 Seller(s) at 14.85
DHA Valley Islamabad open files 5 marla two paid sells at loss of = 25,000 TO 27,000 on paid amount.
DHA Valley Islamabad open files 8 marla two paid sells at loss of = 26,000 TO 28,000 on paid amount
DHA Islamabad Phase 2 extension is at about 11.15 Lacs for lowest priced blocks.
A lot more buyers in market than sellers but not willing to pay suddenly higher prices. Many sellers holding sales or increasing prices because they are thinking worst is behind us.
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***For More Detailed Prices Schemes Click Here***
***For Past Prices History Click Here***
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< Always deal with Registered/Authorized Dealers only >
Rates you can trust provided by:
Ch. Mujahid Yasin (CMY)
Lahore Real Estate
Registered/Authorized Dealer (DHA, EMAAR, Bahria Town, Urban Developers, etc.)
+92-300-400-9967
+92-322-400-9967
eMail: LRE786@GMail.com
http://www.LahoreRealEstate.com
CMY replied on Wednesday, March 18, 2009 05:56 AM
Freinds I truly belive we wont see any worst prices than we saw on Mar 15 2009.
Buying is highly recommended in safe scheme like DHA Lahore Bahria Town Lahore NFC Lahore Central Park Lahore DHA Islamabad phase 2 ext. Bahria Town phase 8 Pindi. Please don't fall for new investments based on infomercial's that are offered on installments . Say no to new bookings that are priced too higher than going market rates. They too much over supply in market for old inventory from SAME builders at much lower market prices than their current new booking on installments.
Don't keep waiting for more lower prices because we see a lot of buyer looking for these low prices to complete purchases. Sellers are keep taking of their properties from market or increasing the prices due to better market situation. You should buy now and think latter. If you wait more you will pay more than you will blame dealers for increasing the price artificially. Truth is we only buy and sell on rates based on supply and demand.
Ch Mujahid Yasin ( CMY )
042-111-111-040
0322-4009967 |
Pardesi, Jeddah replied on Wednesday, March 18, 2009 08:39 AM
Dear CMY
Can you please guide us through statistical/graphical presentation, a comparison of buying/selling (demand/deals) done before & after March 15, 2009. |
STABLE PRICE UPDATE replied on Wednesday, March 18, 2009 02:24 PM
Property Market In Pakistan: What The Future Holds?
By: William King
Like most other countries in the world, Pakistan is currently going through a property and real estate boom. The prices are sky high and are going even higher. Prime locations in chief cities like Lahore, Karachi and Islamabad are being chased by property hunters and the prices are already touching millions of US dollars. A one kanal house in areas like Gulberg, Model Town, and Defense are being sold for $200,000, $300000 to $500000 for two kanals and so on and so forth. The prices have risen almost five times of what they were a couple of years back. People have stopped selling in this market and hence it has become a sellers market. The wait for further increase in the price is holding buyers at bay and sellers in the wait. But is it worth it? Are property prices all set to rise further or is the bubble burst just around the corner?
The Buying spree
A lot of people are looking at this as the right time to invest into the market. They are investing and buying housing projects that will still take years to develop. Take the example of the various housing societies that are coming up a few kilometers from the outskirts of these major cities. Most of these societies have homes that are priced in lakhs. But people are not looking to sell at all. When they start selling, the prices will go down and it will instantly bring about a market correction that should change the current scenario. In addition to this a lot of people are taking home loans to buy homes and looking to tap into the lucrative market. But as a result of the steady rise in the interest rates, a lot of people have been defaulting on these loans. This is not helping the market one bit. Is it?
The downturn point
Buyers need to be aware of the downturn point or the ceiling of the current rise. There are very little original buyers who are looking to invest in property with a long term goal in mind. The rest are small term investors who are simply looking to buy small pieces of land and later sell it off for higher rates. Society owners are also buying files in bulk so that later on they can create an artificial deficit for files and sell these files for exorbitant prices. Most experts will suggest to you that the bubble will burst very soon. A lot of people are now getting to dealers so that they can sell off their plots. A lot of rumors are also doing the rounds that big time players have resorted to massive selling in the fear that the real estate bubble will burst very soon.
The future
These rumors, the current rising trend and the market scenarios suggest that a long overdue correction will set in the market very soon indeed. The current overpriced market will see a decline in prices and this will bring much wanted relief to many people looking to venture into this market with a long term perspective. |
STABLE PRICE UPDATE replied on Wednesday, March 18, 2009 02:31 PM
How true.This article was published in 2007 by William Kings. |
