Observer replied on Friday, July 22, 2011 04:56 AM
DHA 9 will go gradually up and up while occasioanlly pulling back a little on profit taking. It is in the up trend now and there will be more buyers than sellers on every pull back. As you can see recently when it pulled back from 15.50 to 15 Lacs many buyers showed up and took it to 16.50 Lacs. If it comes back to below 16 a lot of buyers will again take it above 17 Lacs.
In fact many big fish are trying to keep it low so that they can buy as many files as possible at low rates but the big fish cannot control the market when there are a lot more buyers than sellers in the market especially overseas buyers who are sending record remittances to Pakistan recently. They just cannot fight the supply and demand scenerios.
Supply is very limited and most buyers are long term holders. When big money will start buying at whatever available price you will see the prices shoot quickly to the 2004, 2005 level. Many properties have already gone back to the 2004, 2005 level or very close, for example DHA Phase 5 & 6. And now other properties are following to catch up to their actual worth. Properties in Pakistan are still cheapest compared with wealth factor and affordability in Pakistan and other countries of the region. |
