Commercial renter replied on Monday, June 13, 2011 10:52 AM
Riz. Will just repeat the oft-stated view that any investment in property must be a long term one. Only those that can ride out the cycles enjoy the best returns. If your horizon is short term, my sincere advice would be to stay liquid and in FCY, if possible.
The economic and political landscape is hardly confidence-inspiring, just the opposite...too many negative variables in play. In such environments, investors should seek capital preservation, rather than capital appreciation to lower their risk. But hey, if you have Rs 30 million, mashAllah, I figure you probably have a good idea about this already.
If you do feel compelled to invest in Pakistan, the smaller-ticket purchases like 10 marla/1 kanal plots in phase 6 at least have the possibility to dispose of faster, because people still need a roof over their heads no matter what. Bigger items don't sell at ALL when the market is slow.
Some people are dead against dubai. I think that the prices now are pretty decent, and they give you a better yield that most options in pakistan. Couple that with it being in a currency that is stable (albeit pegged to the $) and a country not on the verge of imploding, it is at least worth considering. |
