Owning a home is a keystone of wealth… both financial affluence and emotional security.
Ghar47
15th January 2021
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Jamshed
on said
Anwaar
U are absolutely right. There is a property crash world wide . I just bought a property in DIFC, Dubai . This property was 5. 1 millions Dirham when this was launched . I bought in 1.15 dirhams . The rent of this property was 200 K plus dirham and now is 90 K Annually . Now u can imagine
ANWAAR UL ISLAM
on said
Jamshed
Thanks for sharing the condition of Dubai Real Estate Market.
In Pakistan situation is very difficult.
Opposition is working hard to put Pakistan on Grey List of FATF.
Many laws are coming to curb the black money easy flow.
This are very bad in Pakistan.
Imran
on said
I don’t know where you got the information that property crash is world wide. In Canada since the last 6 months house prices have sky rocketed by 40%, never seen such a huge increase in history.
Jamshed
on said
Anwaar
Properties in Dubai are very affordable now a day. Such a lower price was seen a decade ago after the 2008 recession . Most of the local and international investors, End users are buying in UAE now a days because this is a buyer market . Prices are nearly at the bottom. Prices are 50 to 80 percent down compared to the peak prices
ANWAAR UL ISLAM
on said
Jamshed
Pakistan real estate will witness the same trends.
ANWAAR UL ISLAM
on said
Jamshed
Pakistani Housing Market is also out of proportion in term of home sizes.
US has population density 35 people per sq kilometres.
But Pakistani population density is 275 people per sq kilometres.
But we are building even bigger houses than USA.
Correction is long overdue.
We have wasted a lot of useful land.
Flats will get more momentum in the near future.
So lot of changes in term of size and affordability are in the store for Pakistan real estate market.
https://www.zerohedge.com/economics/american-housing-market-splintering-houses-get-bigger-and-apartments-get-smaller
Zia
on said
I can’t see any reduction in price even DHA Lahore recent ballots are also on much appreciated price. See link
https://ballotapp.dhalahore.org/
So moral of story is all economic theories fail when it comes to pakistan realestate market. I believe should not waste time and money with day dreaming of price reduction.
Zia
Waseem akter mirza
on said
very good article on the real estate situation in Pakistan, as per this article prices needs at least 50% correction for betterment of economy and people.
https://profit.pakistantoday.com.pk/2020/07/11/why-and-how-much-pakistanis-overinvest-in-real-estate/
Muhammad Nazeer
on said
Dear Anwaar, On 1st October 2020 OPF commenced construction of 1 Kanal country homes in Zone-V Islamabad price Tag PKR: 27,500,000. (2 core 75 laks) Your comments and advice will be highly appreciated.
ANWAAR UL ISLAM
on said
Muhammad Nazeer
at 2.75 Crore its a good option.
But only thing to consider is the quality of construction.
Muhammad Nazeer
on said
Dear Anwar, Thanks for your prompt reply. Nespak is a contractor developing country homes OPF valley Zone-V.
Muhammad Nazeer
on said
Dear Anwaar ul Islam, what your expertise predicts if the properties price to be down incoming year, especially in Islamabad. Thanks
humayoun
on said
Unlike other small investment opportunities in Pakistan, you need a fair amount of finances to invest in real estate. The healthier the finances, the healthier the returns. The method you choose for your investment can make it a success or a failure.
Muhammad azeem uddin
on said
Pakistan Property market is just like stock market of the country.
No one can predict it.
Muhammad azeem uddin
on said
Dear Anwar sb
It comes to my knowldge that government have issued two ordinances regarding Real estate sector due to FATF pressure.
I will request to you please through light on it and if it ling then make blog details.
Regarding naya pakistan housing scheme.. have any one get home or just govt sells form and make money from poor Pakistani ???
Muhammad azeem uddin
on said
Dear anwar sb
It has comes to my knowldge that government has announce two ordinance regarding real estate.
Kindly put your opinion and impact on real estate price.
ANWAAR UL ISLAM
on said
Muhamamd Azeem Uddin
The law is to force the real estate agents, builders and developers to keep record of real estate transactions including the identity of the buyer and seller.
The aim is firstly to stop the money laundering and secondly to check the status of the buyer / seller as filer or non-filer.
This law will definitely discourage the black money investment in realty sector.
So prices will crash in future.
Ahmed
on said
gulberg Islamabad prices are down 10% in the last 3 months.