Re: Property Value in Karachi
I guess, there are not many people from Pakistan join this forum but anyways I appreciate your throught. My siblings own houses and appartments in Karachi, and they also went up very drastically in 2007 but now they are stable. Appartments bought in Rs 5 lakhs become Rs lakh now just went up in two years. Now, Houses in karachi more than doubled in price within 2 to 3 years only. I guess the real estate boomed after the opening and handing over the port to Singapore company for 40 years. I may wait for about 3 to 5 years more to buy a property there, meanwhile dollar may rise also.
Singapore company has got hold of Gawadar not Karachi, I think.
I think I would die before having a house or flat of my own in Karachi.