Re: Property mania in Pakistan..
Currently visiting Pakistan for a property matter and people and agents are telling me that prices have crashed in Lahore. Developed areas of Defense and other parts like Model Town and stuff are stable but the newly announced schemes which are not developed so far have lost momentum and the huge buying and selling rally has stopped.
Only genuine buyers and people that want to build homes are buying. They also tell me now it is a buying period.
Re: Property mania in Pakistan..
^^ its a buyers market everywhere :(
Re: Property mania in Pakistan..
In my opinion, people will need money in the coming year to fund their election campaigns so they will be selling their plots etc. therefore prices will fall further. I havent heard of a drop in Karachi though as prices are still ridiculously high.
Re: Property mania in Pakistan..
I do not understand all this hoopla. I have a flat in Clifton Block 3 Karachi sea facing, 3 bed and DD and brand new. I have been trying to sell it for past 1.5 years and still no serious buyers. I fail to understand who is buying apartments in Creekcity and Creekmarina for 1.5 and 2.7 crors? Where and who are these buyers??? I need one of those to buy my flat. :)
By the way, I think these expensive flats are bought by investors and no one will ever live in most of them. Find me this many people in Karachi who can effort 2.7 crore flat. Those who can effort it are already living in DHA in 1000 yard houses.
Re: Property mania in Pakistan..
then why have you priced it so high?
Re: Property mania in Pakistan..
My price is half of the so called "market" price. :) Only 8.5 million.
Re: Property mania in Pakistan..
ZB7779 my sister is currently in pakistan looking for property investments. Do you have contact details or pics available? sham _ star @ hotmail.com
Re: Property mania in Pakistan..
ZB7779 my sister is currently in pakistan looking for property investments. Do you have contact details or pics available? sham _ star @ hotmail.com
I will email the info.
Thanks
Re: Property mania in Pakistan..
pakistan is a developing country with a growth rate of around 7%, therefore real estate market could not crash there untill the next 25 years, there may be ups and downs but a crash will not come.
Re: Property mania in Pakistan..
I have been hearing people say that properties are expensive for as long as I can remember...but in the long run they are still going higher. In Pakistan prices will also go higher although they may from time to time stabilise or you may even see a correction.
Re: Property mania in Pakistan..
property prices are continously going down
there r other good places 4 investment
Investment decisions may ideally be done through the following criteria:
Re: Property mania in Pakistan..
prices still going up and up !!!! now with foreign companies coming in and further real estate development taking place there will be a much higher supply of housing so there is a chance it may level out. my advice.. invest in commercial or industrial land in soon-to-be developed areas!
Re: Property mania in Pakistan..
any guesses on property value impact in the country with the recent dhama chokri?
I bet Karachi property values will e impacted big time in the short term
Re: Property mania in Pakistan..
The price of our plot has gone up coz of the announcement of the new airport, plan on buying an another plot insahallah.
Re: Property mania in Pakistan..
The price of our plot has gone up coz of the announcement of the new airport, plan on buying an another plot insahallah.
mew airport in karachi?
Re: Property mania in Pakistan..
Well hopefully if they get over with this ****e soon there wont be much of an impact… otherwise i will be very upset !!
Re: Property mania in Pakistan..
mew airport in karachi?
no, islamabad
Re: Property mania in Pakistan..
yeah islamabads pretty mad .....prices in the neighbourhood my isloo house is in have like multiplied many times over in the past 7 years i dunno how anyone can now afford to buy a new house!!!
Re: Property mania in Pakistan..
is it sustainable.. that is the big question
Re: Property mania in Pakistan..
I don't know much about the property market in pakistan... I have only been to Pakistan once. But I am thinking about going there within the year for a few weeks on a fact-finding mission, and perhaps making my first investment there.