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…
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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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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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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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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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Pakistan property sector after another interest rate hike State Bank has increased the main policy rate by 50 basis points. So interest rate has increased to 10.75% from 10.25%. The interest rate has been increased to control the rising inflation. Inflation is rising due to increase in crude oil price in the world market and…
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Benami Act implemented by Government: The government of Pakistan has implemented the Benami Act. As per the law, FBR will confiscate the immovable properties or accounts held on someone else’s name including the relatives. Benami Transactions (Prohibition) Act 2017 was passed by parliament on 1 February 2017 but it was not enforced. As now Benami…
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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…
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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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Pakistan Mini Budget 2019 and Property Market | Impact of Mini Budget on Pakistan Real Estate Sector: On 23rd of January 2019, Pakistani Finance Minister Asad Umar presented the Mini Budget 2019. Asad Umar has termed this as a package to reform the economy of Pakistan. The budget has been hailed as business friendly by…
Read MoreOwning a home is a keystone of wealth… both financial affluence and emotional security.
