Dear Experts
I was wondering as there are strong chances of double dip in usa europe uae etc(its all availabe on net)dont you you think it will hurt our property also. I know some big investors who say they have stopped the investments due to the strong fear of doule dip(duoble manda). I had a freind in uae he also told that last week in their local news paper it was said that prepare for further down.
Please eloborate and oblige.
Regards
P.PAKI replied on Wednesday, November 16, 2011 07:40 AM
in my view. Pakistani real estate will not damage too much. why?
1. Pakistani property prices r realistic not like Dubai where a property is made for rental purposes maily. here we have end users in large qty. and homes r already less in pakistan compared with population.
2. Pakistani economy is undocumented. means most of people in Pakistan dnt pay tax n have no loans from banks, so they play with their own money so they will be uneffected even banks will crash in worst case.
3. Safe options for property in Pakistan are quite less. so investers will keep buzzing in DHA, BAHRIA n other reputable places. |
P.Paki replied on Wednesday, November 16, 2011 07:46 AM
infact it may increase prices in Pakistan becasue large expatriates will try to move their money in safer places. and in trouble home always feels best choice.
same appreciation of property has been noted since April 2011 to Nov.2011. when america was due to bankrupt. in that time large buyers turned to property and prices increased. in feb 2011 a dealer sent me sms of about 10 plots in phase 6 and max price was 55 lakh for G block, N block was on 44 lakh. now u see where they r?
so i think if double dip comes in usa-europe then it will benefit probpery in Pakistan. |
HS, Dubai replied on Wednesday, November 16, 2011 07:50 AM
Good analysis by P.PAKI
Pakistan is hit by the corruption of its ruling class and not by recessions. |
Overseas_Pakistani replied on Wednesday, November 16, 2011 08:01 AM
A double dip in the Western world would benefit Pak property prices as overseas Pakistanis move their money back to Pakistan to avoid the massive amount of inflation that will follow such a recession. I totally agree with comments above, our problem is corruption and mismanagement. |
