Pakistan Sell Buy Rent Homes & Properties In Pakistan Real Estate
Pakistan Sell Buy Rent Homes & Properties In Pakistan Real Estate
Ordinance for the Construction Industry of Pakistan: COVID-19 has stalled the economic activities across the globe. UN has stated that world economy is facing the worst meltdown since the Great Depression of 1930’s. The current economic crisis is termed as The Great Lockdown. Advanced economies are sending checks to their residents but third world countries…
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Pakistan realty market has no end user: Insanity is doing the same thing over and over again but expecting the different results. Once again the government has offered another amnesty scheme for the real estate and construction sectors. The aim of the current amnesty scheme is to offer; firstly another chance for the people with…
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Pakistan Budget 2020-21 and the Real Estate Sector: On Friday the Minister for Industries Hammad Azhar presented the budget for the fiscal year 2020-21. PTI Government claims that budget is tax free and a great achievement in current scenario whereas opposition parties have rejected the budget on accusations that it will fail to manage the…
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Property market stagnation is due to large size properties Pakistan property market stagnation Pakistan property market is stagnant at the moment. According to real estate experts its due to the new property tax amendments. But there is another cause of property market stagnation that we are ignoring, PURCHASING POWER OF BUYERS. As we all know…
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Impact of Benami Assets Confiscation on Real Estate Market Pakistan Tax Amnesty Scheme 2019 expired on 3rd of July 2019. FBR has started to confiscate Benami Assets in form of Benami Bank Accounts and Benami Properties. This was the usual practice in Pakistan to buy Benami Properties on name of relatives or servants to conceal…
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Property Prices Hammered as Interest Rate Increases to 13.25%: The State Bank of Pakistan has increased the policy rate by 100 basis points. In other words interest rate has been increased from 12.25% to 13.25%. The interest rate is known as the best tool to control the rising inflation and depreciating currency. As per government,…
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Property Taxes in Pakistan: The government has introduced new property taxes in Pakistan on sale and purchase of real estate. This blog details out all taxes; Non-filers Non-filers have been allowed to buy property worth 5 Million PKR or more but they have to become filer. Property Taxes to be paid by BUYER: Stamp Duty…
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Another Blow to Property Prices as Interest Rate at 12.25%: The State Bank of Pakistan has increased the policy rate by 150 basis points. In other words interest rate has been increased from 10.75% to 12.25%. The interest rate is known as the best tool to control the rising inflation and depreciating currency. As per…
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FBR Increases Property Valuation Rates in 20 Cities: The Federal Board of Revenue (FBR) has increased the property valuation rates of 20 cities across Pakistan. The notification about new rates of immovable properties were issued on 01-02-2019. There is an increase of 25-50% from old rates but in some cases like DHA Karachi Phase 7…
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Why investors are ditching Pakistan Real Estate In the last decade Pakistan real estate sector performed exceptionally well as property prices doubled approximately after every five years. This abnormal growth was due to the huge capital inflow in real estate. But now prices are cooling down across the country as things have changed. The year…
Read MoreOwning a home is a keystone of wealth… both financial affluence and emotional security.