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readjust property prices with dollar rate?,

(88392)
Saturday, May 23, 2015 07:19 PM 

I have a question

Since dollar is increased 3 % against Pakistani rupee in recent days.

Should property holders readjust their demands while selling?

If property was for 60 lakh then after 3 % increment, should they demand roughly 62 lakh ?

rana replied on Sunday, May 24, 2015 01:04 AM 

Prices are set by market forces. Property holder should and does adjust his demand to extract the max value from a buyer. Seller who wants to sell for 62 will be fine as long as there is no seller who is selling for 60 lac a plot of same quality.
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