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Pakistan Real Estate Forecast 2020

PAKISTAN REAL ESTATE FORECAST 2020

By

ANWAAR UL ISLAM

Posted in Buying, Renting and Selling, Pakistan Housing Guide, Pakistan Property Guide, Property Investment Tips On Jan 23, 2020
PAKISTAN REAL ESTATE FORECAST 2020

2019 was a bad year for Pakistan Property Market as prices continued to decline but worst is yet to come. Buyers / investors want to know about the best time to start investing. Whereas sellers want to know that why their properties are not attracting the serious buyers. This blog will answer all questions with Pakistan Real Estate Forecast 2020.

CURRENT TRENDS OF PAKISTAN REALTY SECTOR:
Volume of Property Transactions

Volume of real estate transactions is the best indicator about the market condition. Currently transactions are record low. In 2016 there were 150-200 daily file transfer in DHA Lahore but now only 15-20. The situation is the same in other housing schemes and localities. Low real estate transactions means low investment that leads to price decline.

Condition of Real Estate Agents

Estate agents are worst hit by the slowdown of real estate market. About 40% realtors have left the field due to extremely low income. Agents turned investors have sustained huge losses due to price crash. Realtors claim that recent property crisis is more severe than the property price crash of 2005/6.

Market Shifts from investors to genuine buyers

In Pakistan property files were traded as the stocks and shares on daily basis. But now property market has moved from investors to genuine buyers. The only buyers in the market are those who want to buy a property for living. This shift has also ended the speculation so prices are cooling down.

THINGS THAT WILL IMPACT PAKISTAN REAL ESTATE MARKET IN 2020:
FATF pressure to control black money

Globally real estate sector is hailed as the safe heaven to park the ill-gotten black money. In Pakistan people were used to invest black money through Benami Assets. But things have changed now as government has made the laws to curb black economy due to the pressure from FATF. The efflux of black money from realty sector will decrease the property demand so prices will crash.

Political Condition

Political stability is very important as investors hate uncertainty. People never invest in countries with political crisis. Pakistani political situation is very bad as there are regular protests against the government. Even there are news that parliament can be dissolved at any time. Under these circumstances we can assume that where property prices are heading.

Economic Condition

Economy also plays a major role in determining the property prices. Booming economies create good paying jobs. People move to the areas for aspiring jobs and real estate demand increases. High demand means high property price and vice versa. Currently Pakistani economy is not stable so don’t dare to bet on property price increase.

PAKISTAN REAL ESTATE FORECAST 2020 PRICE TRENDS:

Since 2016 property prices are approximately 25-50% down. DHA Commercial Broadway Lahore 8 Marla / 200 SQ Yards plots were selling at 12 crore but now no buyer at even 5 crore. DHA 9 Town 5 Marla plots are now selling at 50 LAC; declined from 85-90 LAC. DHA 9 Prims Plots are selling at 30 LAC. Same trends can be observed in other phases.

The efflux of black money has totally crashed Dubai real estate market as prices have declined by 75% from the peak of 2008. Pakistan realty sector will observe the similar trends. 70% decline from peak of 2016 is not impossible. So be ready for another 25-50% price fall from the current level.

WHAT SELLERS SHOULD DO?

Sellers are in worst condition as it’s hard to find the serious buyers. Sellers have only two options. First option; sellers with holding power should wait for the prices to rise again. Second option; sell property at some loss now to avoid huge losses in the future. Wait is like a poison for the sellers.

WHAT BUYERS SHOULD DO?

Buyers and investors should know that property market has cycles of 10 years. First property boom in Pakistan was from 2003-6 and first crash was from 2006 to 2009. The prices started rising again in 2013. So another boom will be observed by 2023. Wait will reward the buyers.

Recommended:
Impact of Benami Assets Confiscation on Real Estate Market
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68 Comments

  1. Sehar Alii

    on January 24, 2020 at 3:00 am said  

    Pakistan Property Market has crashed.
    My uncle is a dealer and he has moved to a rented home after selling his ancestral villa.

    Reply
    • ANWAAR UL ISLAM

      on January 24, 2020 at 7:08 pm said  

      Sehar Ali
      Situation is same across Pakistan.
      Karachi, Lahore and Islamabad are the worst hit regions.

      Reply
  2. Jashed

    on January 24, 2020 at 11:55 am said  

    Shear Ali

    Property market in Pak is facing the worst crash and crisis any one would had ever seen.

    Reply
    • ANWAAR UL ISLAM

      on January 24, 2020 at 7:09 pm said  

      Jashed
      Worst is yet to come.
      World will forget Dubai Real Estate Crash. People across the globe will quote Pakistan Property Crash in future.

      Reply
  3. Ahmad

    on January 24, 2020 at 4:29 pm said  

    Don’t invest in any property in Karachi especially if it is housing schemes. Bahria is extorting money from people and whole govt machinery and media are silent. Money collected from innocent people in the name of land which was not acquired. Now playing dirty games to pressurize customer to get possession of land which is not acquired/developed and recent one is imposing 35% development charges on all plots. Just imagine when all installments are done they are telling customer to pay 35% more. This is new form of “Extortion” people of Karachi are facing which is very systematic.
    Fazaia housing scheme whatelse can I say just read bbcurdu website. They took money and ran away. No one can dare to challenge them. Needless to mention “WHY” no one can challenge them.

    Reply
    • ANWAAR UL ISLAM

      on January 24, 2020 at 7:15 pm said  

      Ahmad
      The same story can be heard in every city of Pakistan.

      Reply
  4. Riaz Sultan

    on January 24, 2020 at 9:52 pm said  

    Islamabad properties are being advertised on speculation in the hope of gain but with the risk of loss. There is no buyer in market by the end of 2020 it will be bottom out. Hopefully middle class salary earned will be able to buy there own roof this year.

    Reply
    • ANWAAR UL ISLAM

      on January 25, 2020 at 12:08 am said  

      Riaz Sultan
      Islamabad Realty Market is worst hit by the slowdown.
      Dealers are trying their best to hold the prices but prices are falling day by day.

      Reply
  5. Riaz Sultan

    on January 25, 2020 at 10:53 am said  

    Dear Anwaar ul Islam, I agreed what you said in reply sellers are not comfortable to reduced their price in Islamabad since they have already paid premium, but sooner they they have to come down, now buyers are waiting for P.T.I government to commence affordable housing schemes . Especially overseas Pakistanis investors who have no issue to provide money trail to any agency. I hope Pakistan will receive huge amount of hard currency in stock.

    Reply
    • ANWAAR UL ISLAM

      on January 25, 2020 at 6:50 pm said  

      Riaz Sultan
      Sooner or later sellers in Islamabad have to reduce the prices.

      Reply
  6. Zahid Ali

    on January 26, 2020 at 8:42 pm said  

    Now the myth has come to an end that whoever invest in real estate must reap some benefit. Investor who invested in real estate in peak time before June 2016 in bahrai town karachi or dha city karachi or anywhere in Pakistan are really struggling to dispose off their inventories. In youtube I have seen, one agent said that one investor invested 20 crore in dha city karachi in commercial plots. Now the values of his inventories is only 5 crore. The net loss is 15 crore plus tkme value of money.
    DHA city Karachi started in 2009 and after 10 years only gave possession of 2 to 3 sectors out of 16 sectors. I remembered DHA management posted advertisement in 2014 or 2015 in leading newspaper that DHA city karachi would be liveable in 2016. That time also i commented that the whole DHA city karachi would not be liveable even in 2030. The management deleberately issued such statement to speculate the market.
    Now DHA city Karachi have taken all thd amount from allottes around 100 billion rupees. The total project cost was around 300 billion Rupees estimated in 2014, and DCK management had to arrange rest of the amount through investment. Keeping in mind the curreng devaluation, the total project cost now may be 350 billion rupees. I dont know about DCK current account balance sheet, but I am sure that dck management will struggle to complete the complete the project due to unavailability of financial resources as any investor will not invest unless he sees huge profit.
    Earlier the agents always allure investors to invest in bahria town karachi. Now agents just saying to investors dont sell in panic to bear huge losees. Agents desperations and frustrations are evident. Most of the agents still thinking that situation would be better in few months which is contrary to facts.
    Zameen.com started showing negative trend in some areas.
    In cut short, people who were always positive about real estate, they now also realizing fact that golden days of real estate is over for thd time being.

    Reply
    • ANWAAR UL ISLAM

      on January 27, 2020 at 5:37 am said  

      Pakistan Real Estate Property Forecast 2020 Price Trends Predictions

      Same trends in DHA Lahore. People who invested in Commercial Broadway, Phase 9 Prism or Phase 9 Town have sustained huge losses. Home builders have also lost life investments.
      What is happening to Pakistan Real Estate?
      Decline in investment leads to property crash. Low investment is sometimes permanent as happening in UK, US, Dubai and Pakistan.
      UK = Property prices falling as low investment due to Brexit
      US = Price fall as Chinese government is after the tax evaders who invest money in New York
      Dubai = Amnesty International Laws that check the black money flow to Dubai
      Pakistan = Price crash as buyers have to show the source of income

      Realistic property price in Pakistan:
      If we see average UK salary vs average house ratio its 1:8. So one can buy house in UK after spending 8 years salary.
      Lets do some math. Average salary in Pakistan is 5 LAC per year. So a house price should be 5×8 = 40 LAC
      So what we can buy with 40 LAC, not even a 2 Marla 50 sq yards house.
      So Pakistani property market is highly over priced and correction is a must which is happening.
      50% price crash is on the corner as black money investors are out and genuine buyers will low purchasing power are in the market.

      Reply
  7. Muhammad azeem uddin

    on January 27, 2020 at 8:51 am said  

    Dear sir,
    I have seen that middle class is become very very in trouble as behria increases 35% development charges and force possession and category charges.
    Many people are saying that they will go court ? What you advise?

    Similarly kindly put some light on FAZAIA housing, ASF housing , both project is STOP no working on SITE.
    Middle class again losses , no way??

    Reply
    • ANWAAR UL ISLAM

      on January 27, 2020 at 7:28 pm said  

      Muhammad Azeem Uddin
      This is the real issue in Pakistan as Land Mafia has nearly destroyed Pakistan Economy an lives of hard working people.
      People are right that they should go to the court.
      The great names are deceiving people this is why real estate market is dead.

      Reply
  8. Jashed

    on January 27, 2020 at 9:04 am said  

    Dear Anwaar Ul Islam
    Excellent, scientific and professional analysis based on facts and figures.

    Reply
    • ANWAAR UL ISLAM

      on January 27, 2020 at 7:31 pm said  

      Jashed
      Thanks a lot.
      Pakistan Real Estate Sector has never observed such trends. Property speculation is now a history as prices will be dictated by the buying power of genuine buyers instead of the purchasing power of the black money buyers.
      Wait and see as crash will be harder.

      Reply
  9. Zahid Ali

    on January 29, 2020 at 10:28 pm said  

    Government, Media and Top anchor persons are silent for Bahria town Karachi fraud. All are on same page. Before all agents were happy when speculation were on its way to increase the price. At that time, nobody was asking, when bahria have limited land then why they are giving plot to unlimited peoples. Now agents realized that it is difficult to earn commission in the current market situation, when everybody want to sell and nobody want to purchase, that is why they started protest. Jamat-e-Islami is the only hope for bahria town karachi affecties. The looser are ordinary people. Nobody else.

    Reply
    • ANWAAR UL ISLAM

      on January 29, 2020 at 11:10 pm said  

      Zahid Ali
      Unfortunately in more than 70 years, Pakistan as state has failed to make and implement laws that protect the citizens.
      Real Estate Property Mafia is strong in Pakistan because of the weakness of the state.
      People have lot their life savings in Bahria Town Karachi.
      But Bahria Town reputation is hard hit as no one is interested to invest in Bahria Town Karachi, Bahria Town Lahore or Bahria Town Rawalpindi.

      Reply
  10. Jashed

    on January 30, 2020 at 8:45 am said  

    Bahria Town Karachi was launched and one can see the speculators / realtors started increasing the property prices every where particularly in DHA. Prices in DHA were so high that all people had to move towards Bahria town , Karachi because that area sounded to be relatively cheap with greater potential of appreciation. Even some of the investors sold there assets in DHA and bought properties in Bahria town. In my opinion, there was Satta/ gambling culture prevailing all over and people had no other options to earn and all the money was put in the real estate. The other reason was that it was easy to hide black money by investing in real estate. All these are now going to be reversed and are resulting in property crash . Actually, this is duty of the government to make policies to promote industry, agriculture so people should invest in those sectors and to move away from real estate . Instead government created an atmosphere where even the industrialists sold / stopped their industries and started real estate business because this was more attractive. Net result is no industry/ no agriculture and no growth. All money was in real estate that is considered as the dead investment. Now in my opinion , time is very difficult for Pak economy.

    Reply
    • ANWAAR UL ISLAM

      on January 30, 2020 at 8:57 pm said  

      Jashed
      You have clearly pointed out the two main reasons of investing in Pakistan Real Estate;
      1- No other profitable business
      2- Whitening of black money
      Pakistan Real Estate is alcoholic of black money so without it we can see the price crash.

      Reply
  11. Jashed

    on January 30, 2020 at 9:13 am said  

    One more thing I would like to highlight is that the Government is making another blunder to attract hot cash by increasing the interest rates. This will artificially support the rupee but eventually the rupee will further depreciate when the government would decrease the interest rate until they would not improve the growth and exports.

    Reply
    • ANWAAR UL ISLAM

      on January 30, 2020 at 9:09 pm said  

      Jashed
      High Interest Rates are like poison for the businesses as the borrowing cost increases.
      Pakistan Auto Industry is another victim of high interest rate. Overnight monthly repayments increased from 25,000 to 40,000.
      HIGH INTEREST RATE VS REAL ESTATE;
      When banks give more returns on savings people sell properties and invest in banks and vice versa.
      BUT;
      This time even low interest rates can’t help as real issue is the source of income due to the pressure from FATF to curb black economy in Pakistan.

      Reply
  12. Riaz Sultan

    on February 1, 2020 at 1:18 pm said  

    Dear Anwaar ul Islam, Your comments on recent advertised LDA city project offering 5 marla, 10 marla and 1 Kanal plots. Many thanks

    Reply
    • ANWAAR UL ISLAM

      on February 1, 2020 at 8:31 pm said  

      LDA City will benefit those who will invest for long time because project completion will take many years.

      Reply
  13. Zeeshan Riaz

    on February 8, 2020 at 5:55 pm said  

    Dear Anwaar Ul Islam, Thank you for your valuable comments and analysis!
    Please could you also provide your feedback on Housing Projects in Gwadar like Gwadar Golf City, Green Palms Gwadar, Naval Anchorage, etc. Thank you.

    Reply
    • ANWAAR UL ISLAM

      on February 9, 2020 at 3:07 pm said  

      Zeeshan Riaz
      Issue with Gwadar Real Estate is that developers have failed to develop the project on time as they promised.
      So without on ground developments people have turned away from Gwadar.

      Reply
  14. abc

    on February 9, 2020 at 1:42 am said  

    You wrote,
    “DHA Commercial Broadway Lahore 8 Marla / 200 SQ Yards plots were selling at 12 crore but now no buyer at even 5 crore”
    so its about the main road broadway commercials or main back?

    Reply
    • ANWAAR UL ISLAM

      on February 9, 2020 at 3:05 pm said  

      abc
      Main Back

      Reply
  15. Navveed Aziz

    on February 17, 2020 at 3:12 pm said  

    Beautiful and affordable to buy. Thanks for the ideas!

    Reply
  16. Jamshed

    on February 17, 2020 at 9:43 pm said  

    Prices are rapidly coming down and I hope would be affordable soon for genuine buyers

    Reply
    • ANWAAR UL ISLAM

      on February 17, 2020 at 9:49 pm said  

      Jamshed
      Transactions are record low.
      Estate agencies are closing on daily basis.
      Construction activities are also record low.
      Hard to find buyers as people waiting for prices to bottom out.
      DHA Islamabad is worst hit and same is DHA Karachi.

      Reply
      • AK

        on February 21, 2020 at 6:59 am said  

        In past 4 months…..I have made 3 offers to 3 different plot sellers in Islamabad 20% below their asking price….None of them took them seriously and all 3 sellers are not willing to give more than 3 to 4% below their asking prices. This is the actual position on the ground….what to do in this situation?

        Reply
        • ANWAAR UL ISLAM

          on February 21, 2020 at 6:30 pm said  

          AK
          Wait is the only option as property prices are falling gradually across Pakistan.

          Reply
  17. Jamshed

    on February 18, 2020 at 10:24 am said  

    Anwaar Ul Islam

    All what is happening in the real estate, was very much expected

    Reply
  18. Dr. Atiq Rehman Qamar

    on February 20, 2020 at 8:43 am said  

    The real estate is a vital sector of Pakistan economy with unmatched growth potential to stimulate economic growth. It plays a catalytic role in functioning of nearly 70 industries. The added employment, gross value added and added labor income, and reflect in increases in total output growth. The industrial stimulation, tax collection and employment generation are the positive multiplier effects connected to the real estate sector.
    The ban on property transactions is indiscriminate amongst non-filers and obstructs both potential genuine buyers and investors from buying or starting new construction projects. It would also take away livelihoods from poor daily wages laborers who would have worked on those projects. Most informal jobs in construction are manual hardship labor that is the only way for many of Pakistan’s poorest laborers to survive.
    Suggestion;
    In the wake of financial troubles of poor laborers, construction related industries and small investors, it is suggested that the filer condition for purchase of property and at least 5 Marla plot purchasers should be exempted from filer condition.

    Reply
    • ANWAAR UL ISLAM

      on February 21, 2020 at 5:15 am said  

      Dr. Atiq Rehman Qamar
      The contribution of construction / real estate industry in national GDP is always significant. USA and now China have emerged as leading world economies only because of the real estate and massive infrastructure developments.
      BUT;
      How government can allow undocumented economy to be parked in realty sector.
      Secondly soon we will have new norm related to houses as is in the western world. Houses are not priced as per Marla but constructed covered area or number of bedrooms.
      So 5 Marla House Tax Exemption is not logical. Everyone who buys or sell property should show the source of income.
      Slowdown is a small set back that will pay in long term.
      Another plus of property price crash is that genuine people are now able to afford own homes.
      In short tax reforms in Pakistan are the best by PTI Government despite many failures.
      In long run Pakistani economy will be documented economy and real estate market will be ruled by the genuine buyers.

      Reply
    • Mirza

      on February 21, 2020 at 11:33 am said  

      in real or developed world, non-filer is non-existing term either you are filer or criminal. Currently in Pakistani GDP real estate contribution is marginal or very less as compare to its potential. For true GDP contribution ,real estate reform is necessary which has now started and will take time.

      Reply
      • ANWAAR UL ISLAM

        on February 21, 2020 at 6:48 pm said  

        Mirza
        This is the real issue.
        No advance economy tolerates black money.

        Reply
  19. Muhammad azeem uddin

    on February 20, 2020 at 9:27 pm said  

    Dear Anwar SB,
    Nowadays we are watching in TV and newspapers that SBCA is demolishing buildings, flat and saying higher staff of SBCA that due to lower staff supported these ILLEGAL buildings have been constructed.
    My question from you that why in dubai, spore, korea, Taiwan these lower staff people support buildings are not been constructed, WHY THIS IS HAPPENING IN PAKISTAN?
    Kindly write an article and clear the picture of TRUTH if possible for you please.

    Reply
    • ANWAAR UL ISLAM

      on February 21, 2020 at 5:09 am said  

      Muhammad Azeem Uddin
      SBCA is demolishing the illegal buildings that were constructed without planning permission.
      Who allowed the buildings to be constructed at the first place is the real question.
      Higher officers blame lower officers like site inspectors.
      Officers allow the illegal construction for kick backs.

      Reply
    • Ahmad

      on February 21, 2020 at 8:31 pm said  

      SBCA is building control authority which run by mafia behind the scenes. These mafias destroyed whole city Karachi as mentioned by Supreme Court Judge in today’s verdict.

      Reply
  20. farooq

    on February 25, 2020 at 4:51 pm said  

    how the market rate in scheme 33 saadi town, i want to purchase a plot for build house so what should i do , can i wait or is the best time to purchase .

    Reply
    • Maham

      on February 26, 2020 at 5:33 pm said  

      As per above article and Mr. Anwaar ul Islam, overall property value will decrease by 30-40% more in value. That will impact scheme 33 Karachi also.
      Please correct me if I am wrong.

      Reply
      • Jamshed

        on February 26, 2020 at 9:00 pm said  

        I am expecting 40 to 60 percent fall depending upon the location and price

        Reply
        • Usman Shah

          on March 5, 2020 at 3:27 am said  

          This will destroy the realty sector in Pakistan

          Reply
    • Muhammad azeem uddin

      on February 26, 2020 at 9:43 pm said  

      I have seen a video on you tube Defence Clifton real estate agent requesting FBR chairman take action against people who are buying property in scheme 33, that due to low book value in government book investors are Gambling on file.
      Anwar bhai kindly shaire your information.
      Personally I have check scheme 33, really prices are unbelievable.
      Air crue society, no electric, no gas, no water, 600 sq yard plot price 1.7 crore.
      Scientist, merchant navy, 400 sq yard plot 2.4 crore.
      Behria town president 21, 500 sq yard double storey bungalow 2. 3 crore

      Reply
      • ANWAAR UL ISLAM

        on February 26, 2020 at 9:52 pm said  

        Muhammad Azeem Uddin
        This is the major issue.
        Even without proper infrastructure property prices are sky-high.
        So hard crash in a reality now.
        Even worst that Dubai Real Estate Price Crash.

        Reply
  21. Zahid Ali

    on March 1, 2020 at 12:50 am said  

    Kamran Khan Show on 24th February clearly indicate the situation of real estate especially for Karachi. Kamran Khan manage his show in favour of Malik Riaz. It means that Malik Riaz is also in deep water due to financial problems. It would not be easy for bahria town to continue bahria town karachi on fast pace.
    Bahria Town Karachi is very big project, some agents are saying that the length is almost 40 km, which is almost the length of whole Karachi. Karachi took 70 years for its expansion. So Bahria Town will take atleast 20 to 25 years for its full occupancy, keeping in mind that lower middle and poor class can not afford to live in Bahria.
    The majority of people who wanted to earn profit from bahria town karachi, now in a situation to get their money refund even after 25% loss.
    Every agent trying to convince people not to sell bahria town karachi property in hurry. It means that majority of people want to dispose of their property then who will buy.
    It seems that situation is becoming out of Malik Riaz’s control.

    Reply
    • Muhammad azeem uddin

      on March 4, 2020 at 1:40 pm said  

      Zahid sb,
      Very realistic analysis you have given regarding behria town.
      I will add further that if prices come down around 30% , then middle class will shift their because on city has been very populated , no good ground, shortage of parks, and fresh air,
      2 bed DD flat not less than 60 lakh, 120 sq yard home starting 120 lakh,
      So at behria one can get flat cost 120 sq yard home , I think people will prefer to go their.

      Reply
      • Sarah Azeem

        on March 5, 2020 at 3:30 am said  

        Bahria Town is history and so is DHA Defence Housing

        Reply
  22. Amna

    on March 3, 2020 at 9:50 pm said  

    Real estate market is establishing again. All is depending on our govt

    Reply
  23. Uzma Nabeed

    on March 5, 2020 at 3:33 am said  

    Bahria Town is a scam

    Reply
  24. Riaz Sultan

    on March 8, 2020 at 8:53 pm said  

    Anwaar Ul Islam, Recently PTI government announced to build a commercial Zone near F-9 Park and they will sell properties in the coming month. Please advise the current price of that area residential and commercial.

    Reply
  25. Muhammad Nazeer

    on March 11, 2020 at 8:54 pm said  

    Dear Anwar ul Islam, Today 11 March 2020 Prime Minister Imran Khan Sunday launched the multi-billion rupee commercial project of Blue Area to auction the land and spend the revenue for the rehabilitation of Islamabad and construction of low-cost housing units. My question is can an overseas Pakistani participate.

    Reply
    • ANWAAR UL ISLAM

      on March 12, 2020 at 3:47 pm said  

      Muhammad Nazeer
      Project is just on paper
      Nothing will change much as prices have already crashed due to selling pressure.
      No buyer in the market just the desperate seller who are willing to sell their properties at loss.
      Yes overseas Pakistanis can participate in the project.

      Reply
  26. Muhammad nazeer

    on March 11, 2020 at 9:43 pm said  

    Hope PTI government will commence affordable home construction and deliver on time as a result real estate speculated price will come down at such level people will forget the 2008 property crash.

    Reply
    • ANWAAR UL ISLAM

      on March 12, 2020 at 3:48 pm said  

      Muhammad Nazeer
      Affordable housing by the government is the need of the hour. Otherwise more and more people are renting homes.

      Reply
  27. Abubakar Khan

    on March 14, 2020 at 3:59 pm said  

    The situation of real estate nowadays in Pakistan is worst ever like never faced such kind of crisis or slow down in the market that is being faced now. Don’t what gonna happened with this market as looking really dead so for.

    Reply
    • ANWAAR UL ISLAM

      on March 14, 2020 at 5:55 pm said  

      Abubakar Khan
      This is just the start.
      Much worst will happen in few months.

      Reply
  28. Jamshed

    on March 16, 2020 at 9:25 pm said  

    Anwaar Ul Islam

    What would be the impact of Corona virus pandemic on the real estate in Pakistan?

    Reply
    • ANWAAR UL ISLAM

      on March 16, 2020 at 10:52 pm said  

      Jamshed
      Corona Virus and oil war started by stupid Muhammad Bin Salman has already destroyed the world economy. Global recession is already there.
      Pakistan real estate market and Dubai real estate market were worst hit by the credit crunch of 2008.
      Market has already crashed in Pakistan due to high selling pressure of the desperate sellers.
      Panic in the market.

      Reply
  29. Ahmad

    on March 23, 2020 at 11:49 pm said  

    I guess this pandemic(God forbid) will not only affect human lives but also a recession which we have never seen or heard before. I hope I am wrong. For next few years property price is completely collapsed. May Allaha protect us from this virus and all other evils.

    Reply
    • ANWAAR UL ISLAM

      on March 24, 2020 at 3:49 am said  

      Ahmad
      American economist predicts that US economy will collapse by 50% by July or Q2.
      So where Pakistan will stand.
      Pakistani Real Estate Property Market will not witness positive trends till 2025.
      End of an era.

      Reply
  30. Jamshed

    on March 25, 2020 at 8:11 pm said  

    Anwaar Ul Islam

    The worst economic crisis in the world history that one would had ever seen

    Reply
    • ANWAAR UL ISLAM

      on March 26, 2020 at 3:22 am said  

      Jamshed
      Perfectly assessed.
      The financial crisis of 1929 is nothing as compared to the present crisis.
      Arab World will slide first followed by the Europe.
      The situation is much similar to the pandemic of 14th century (THE BLACK DEATH) that killed half of the European Population. End result was the emergence of the greatest empire of the world; OTTOMAN EMPIRE.
      If we consider the real estate market in Pakistan and worldwide; hard crash is expected as prices will not recover till 2030.
      This is because of the job loss and low purchasing power due to pandemic. Home ownership will decline sharply.

      Reply
  31. Mohammad

    on April 29, 2020 at 12:44 pm said  

    A very insightful article. Thank you for sharing it with us. I am currently looking to invest in a new home but am having trouble narrowing it down. Any recommendations? My only preference is to have it near the new Islamabad airport?

    Reply
  32. Aliza khan

    on May 12, 2020 at 2:21 pm said  

    One of the best web for all those who want to know about different information of real estate in Pakistan. I am much impressed by it. Well we are offer so many packages of residential area in Rawalpindi Islamabad. Join us for more information one of the best platform for all of us.

    Reply
  33. samreenakhtar

    on August 20, 2020 at 8:39 am said  

    Thanks for sharing real estate information this is very informative for me.

    Reply

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