Re: Buying Property in Pakistan ..... Need Suggestions
Buying Property in Pakistan,
Unlike other countries where real-estate is considered rock solid investments, in Pakistan it is one of the most risky business. one can buy what ever hi wants to, but the real question is if he can really owe it, while he is not in Pakistan.
In most cases relatives do this "favor" , as they knows the best where the real owner is and when he 'll be here. they join hands with land-mafia kind of ppl and sell the property. and owner of the property is left with the deed papers and courts dates ( which goes on for min. 15 - 20 years)
So my Suggestion is if u need to buy a property to commercial purpose, goto a well known real-estate agent, check the documents ( best way is to ask for loan from bank mortaging the same doc. and bank will tell if papers are GOOD).
In your particular case, i smell a rat, who ever told u that u cannot buy property in Pakistan is simply dont know anything or just fooling you arround. even Non-Pakistani Citizens can buy land in Pakistan ( they dont want to buy or they dont buy is another story)