Market Direction is now going to get positive,

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:cl :cl :cl

Friends thanks for your patience. Worst is now behind us. I now see some light in the tunnel :) :) :) . I expect prices to start gaining from today because my indicators are now positive after very long time. Buyer sellers ratio also in favor of rise. A lot more buyers than sellers.

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Market Direction After the Budget?

Dear friends I know you all are waiting to see what will happen after the budget. When you ask property holders / potential investors and general public 90% people are telling us market will fall further .

I dont like to go with herd. I try to use my mind and people dont like to see my guess and comments at time I write them but latter they realize they become true. This time I am again going against the majority and I will say market will rise after the budget ( Even with new taxes or no new taxes) . I have started to suggest my clients and friends to finish their buying before the budget or they will have to pay more.

My guess is most visitors here are also of same opinion that market MUST fall after the budget announcement or after the new taxes announcement. But if you ask me my answer is market will not fall. If it will not rise it wont fall either. I am seeing some 1 to 2 lacs gains in DHA Lahore files and about 4 lacs in DHA Lahore plots coming weeks.

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Above was my post from Thursday, June 11, 2009 03:56 PM when every one was saying property market will collapse more due to budget, load shedding, political, situation, war with Taliban and bombing etc.

Now we are still at the pre budget prices. No more sellers as I expected and even after new taxes there is now more buyers than sellers in market as per the my own indicators. All my indicators are saying we have seen the short term low prices. I think for next few weeks prices will now rise instead of falling. People just refuse to sell at these low prices. Its very hard to find plots at these cheap prices. Only fake low rates are giving by dealers so dealers could find some buyers easily. Before buyers were hard to find but last three days I have seen many more buyers than sellers. Lets wait and see if prices start to rise or not in next few weeks?

Today DHA 9-10 were sold at 14.40 lacs and DHA 8 were sold at 33.50 lacs. I dont think they can go any lower than today's prices. I will now look for these to start going up. How much up and how fast I dont know yet. I am now sure buyers will have to pay more for waiting more.



Ch Mujahid Yasin ( CMY )
0322-4009967
042-111-111-040