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Lahore Real Estate Forum: Property News & Community Talk : ,

(73400)
Wednesday, July 18, 2012 11:53 AM 

As a matter of fact, the daily rates are not today's opening rates, they are actually yesterday's closing rates. And yes, property exchanges work like stock exchanges, with mostly minor but sometimes major daily changes. If you gentlemen notice closely, most of the rates usually remain unchanged over many days before a slight increase or decrease. Take for example Phase 9 file, it has been hovering around between 26.25 and 26.50 for almost three weeks, with buyers sitting at around 15000 PKR lower than the seller price. It should also be kept in mind that most of these rates are for reference and once you are in a hot deal, the price is always negotiated. Furthermore, we must be grateful to this site that gives so much information and runs this magnificent blog 24 hours a day to help people like me living outside the country and everyone else, and in this process, if they make some money, so why not. It is everyone's right to make money, its simple business. So be appreciative people, and if you dont like the idea of watching property rates daily, then you should not be on this forum, with due appologies.
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