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Pakistan property market condition now

Pakistan property market condition now

Real estate activities in Pakistan were almost stalled after the property tax amendments 2016-17. Property prices also saw major setback, as new laws required the source of income by FBR. Blockage of black money was like deathblow for real estate sector. But after protests of real estate agents, government introduced the property tax amnesty scheme in late November 2016. Let’s discuss the property market situation now.

Different views on property market situation

Estate agents and sellers views:

Estate agents and sellers have good perception about the real estate market situation. According to them market is getting better day by day and there will be gradual price rise in the coming months. Estate agents and sellers think that investors are afraid of tax amnesty scheme as a trap. Once they are assured that its real, investors and buyers will jump to secure hot properties.

Buyers and investors views:

Buyers and investors are in wait-and-see mood. According to this group prices are stagnant and they have many options in the market. They just need more time to buy properties at low prices so they can benefit in the near future. This group is waiting for the desperate sellers to reduce more prices.

Developers’ views:

We can see many real estate property projects in major urban areas of Pakistan. We can also see many uncompleted projects and launch of new projects is record low. According to the developers, there are inquires about the projects but sale volume is low. Many developers have decreased the property prices, but still no rise in the number of buyers.

What is really happening in the market?

40-50% estate agents have closed their agencies nationwide, as Pakistan property sector is stagnant at the moment. In some areas we can see rise in the asking prices. But actual sale price is much lower than the asking price. Many new projects by top developers are unable to uplift the property market. Small size and cheap properties of worth 50 LAC or less have large pool of buyers, but high end expensive properties are unable to attract the buyers.

Houses sizes are shrinking in Pakistan

House size shift is also underway in Pakistan. Whereas flats are retaining their charisma as flats are always sold out by number of rooms or beds. House size up to 250 square yards or 10 Marla has high demand but above that is getting low attraction. Unaffordable house prices will definitely reduce the house sizes in the coming years as builders know where market is heading for.

Recommended:
How to buy first property in Pakistan?

(94) Comments

  1. khursheed

    on   said 

    I need to construct a 120 sq. yard doble storey house in naya nazimabad how it will cost in term of labour charges and material cost and how much time it will take

    Reply
    • Khursheed
      120 sq yards double storey house will cost you approximately 35 LAC as you will use block in Karachi
      Time duration will be 5-6 months
      To know labor rates just visit the local under construction homes. Meet the owners, and know about contractor.
      Labor rate varies on quality of work its from 250-350 rupees per sq ft
      This way you will be able to find good builder too.

      Reply
  2. Syed Ali

    on   said 

    Mr. Zahid,

    I am keep paying installments of Sports City – Bahria Project. My name did not appear into balloting therefore, my agent advise me to continue your payment and in future your name would appear once bahria will see all payment paid by you in time.

    If you remember, a lot of changes or silly steps taken by Bahria at the time of balloting and I thought once balloting is over than we would start to pay installment. anyway, I paid late first installment resulting, out of balloting pool but who is responsible not me because they always changing a track.

    At last, should I continue the installment without balloting or sell. I am an overseas Pakistani. Please advise.

    Regards,

    Syed Ali

    Reply
  3. Maaz Khalid

    on   said 

    I like the article, especially the way it says how AGENTS & SELLERS say it’s 100% truth. Whenever you call an agent they will tell you an extremely ROSY picture. I said to an agent when he thinks the price will hit 10 caroor and he said ‘Yeah in next five years’. Come on guys what’s going on here….It’s all Black Money which went in to this sector. I can understand there is salary inflation (for last 5 years, people are getting good salaries now MASH ALLAH) and also there was a strong influx from overseas Pakistanis but that’s not telling the true picture. The true picture is: these agents/ black money holders are behind this multiple folds increase. My sincere prayers and wishes are for those who can not buy in this overheated non sense market. I wish A BIG COLLAPSE so that people who are (safaid posh) and those on moderate salaries can afford a house where they can live a life happily. AMEEN!!

    Reply
    • Maaz Khalid
      100% true
      Fully agree
      Sky high property prices in Pakistan are due to property mafia and black money in real estate sector.
      Get ready guys.
      Crack down on black money is expected soon. This will crash the property prices to a level never heard before. This crack down will clear real estate sector from black money and prices will be dictated by the purchasing power of genuine buyers rather than satta people.

      Reply
  4. please guide me about scheme 33 karachi plots worth because there is fluctuation in prices. please give detail reply coz lots of want to people invest in scheme 33

    Reply
    • raza
      yes there is lot of price variation in KDA Scheme 33 Karachi
      Reason is that scheme 33 has further many societies in it
      Price is according to the development of societies like SAADI TOWN, SAADI GARDEN, SECTOR A-1 ETC
      Price for 120 sq yard plot varies from 15-40 LAC
      Its because some societies are more developed, whereas some societies are less developed.

      Reply
  5. Hammad

    on   said 

    This is first time I visited this site. Seems very informative. Author seems very knowledgeable and fair. Will try to be a regular visitor.
    I have question about LDA city. Should we consider investing in it? (I already bought 5 marla at 16 lacs). If so, what time is good to sell it.
    Thanks

    Reply
    • HAMMAD
      people are saying many things about lda city and there is lot of speculation
      price is rising due to construction of southern part of lahore ring road
      but for long term let me tell you
      more files than actual land on ground
      this is the biggest issue
      if land issue is cleared then its good investment

      its better to sell it after 2-3 months will good profit and invest in other societies.

      LAKE CITY is one of good investment for long term as southern loop of Lahore ring road will have lake city interchange

      there are many options but always visit societies first and always see the plots on ground

      Reply
      • Hammad

        on   said 

        Thank you sir. Will consider lake city inshaAllah once I sell lda city. Actually I am currently out of country and plan to visit Pakistan in August. Will try to do that then or if situation require to sell urgently, will try to manage before.

        Also, one more thing. I am thinking to buy 10 marla file in DHA phase 5. Some people are expecting possession soon. Do you think if it is good investment to make house or resell in near future like 1-2 years? I am not thinking about M block extension as there is a graveyard with 10 marla plots around it.
        Also, if you think some other option is much better, please suggest. Will be very thankful.

        Reply
  6. ASA, (1) What is the status of OPF Valley Zone V in Islamabad? When will the development complete? We are waiting for 20+ yrs. to receive possession.
    (2) When can we expect price drop in Karachi Real Estate Market?

    Thanks.

    Reply
  7. Sharjeel Mahboob

    on   said 

    Can you please provide your analysis on future of Bahria Golf view residentia, Talha Block and Sector F Alamgir Block in Bahria Town Lahore?

    Reply
    • Sharjeel Mahboob
      Bahria Golf View Residencia
      Talha Block
      Alamgir Block

      Their future is same like Bahria Town
      prices are stagnant
      Bahria Town reputation was hit hard by Lahore Ring Road Scam
      Prices are stagnant, no more rise of fall

      Reply
    • Abdul
      Beautiful link shared, many thanks
      I am very weak in mathematics as I cannot understand simple thing?
      1 USD = 105 PKR
      But Pakistani and American houses are of same price
      Many houses in Karachi, Lahore and Islamabad are so expensive that even we can buy 1 ACRE Mansion in USA.

      Don’t you think that Pakistani property market is overheated and prone to crash?

      Reply
  8. Was Malik

    on   said 

    Is there any price hike expected in Engineers Cooperative Housing Society D-18 Islamabad and adjacent societies due to inauguration of AWT Sangjani Interchange on M1 motorway?

    Reply
  9. what markete situation is going of 2bed d/d in gulshan iqbal block 4 karachi nowadays? i want to sale my flat in sb project with lift but here the agents r continuously discouraging me that its worth not more than 40-42 although its not a very old project and all other projects around it have demand of 55 for 2 bed d/d and i want to sale it in 45-47. kindly tell me the actual price here and what should i do?

    Reply
    • Zahid Ali

      on   said 

      Put your add on different real estate sale and purchase website. Ask your demand. Once you have a better offer than u can sale.

      Reply
    • Faisal
      Market is what price you get
      Don’t go after agents
      First advertise your flat on property websites and just get idea what people are willing to offer you.
      Also share you property add on facebook.

      Reply
  10. In your opinion whether bahria will fullfill it’s comittement timely regarding bahria orchid phase 4 because some of there previous projects are still waiting for compeletion

    Reply
  11. Malik

    on   said 

    I have read few questions and their answers. It seems you people are passing very balanced information.

    I will appreciate if you can also share your feedback on DHA Multan Phase 1 and DHA Bhawalpur medium to long time buying or holding on to 1 Kanal land files. Thank you

    Reply
    • Malik
      There are news of near by balloting of DHA Multan
      There is great hype in the market
      But billion dollar question is that we are listing this news since last year.
      Same is the situation with DHA Bahawalpur

      Another question?
      When will people start living in DHA Multan and Bahawalpur?

      DHA Lahore phase 4, 5, 6, 7, 8, 9 & 11 are empty
      We can find empty plots in DHA Lahore Phase 1, 2 & 3 too

      These are just the hypes

      All four projects of DHA are good but for long term investment
      DHA PESHAWAR
      DHA GUJRANWALA
      DHA MULTAN
      DHA BAHAWAPUR

      These all projects will be inhabited by no earlier than 2030
      People are just after quick money this is why there is great hype

      Unfortunately DHA and Bahria Town, the best projects in Pakistan, have lost much of the charm due to high speculation , SATTA

      BUYING OR HOLDING

      Price are low at the moment in DHA Bahawalpur and DHA Multan. When prices are low its buyer’s market. So if someone wants to invest in these projects, its good time to buy. Chances of more price fall is less but chances of price rise is higher.

      YEAR 2016

      Unfortunately in 2016 both of these projects have remained in negative territory with no profit for the owners.

      Reply
      • Zahid Ali

        on   said 

        Absolutely correct, There is no harm in long term investment. But keep in mind that chances of gradual increase in price of land/property (suppose few percent per year) is very less. Property price is increased usually due to speculation and increased suddenly. Like may be some increase during or after balloting of DHA Bahawalpur or DHA Multan and then it will remain stagnant for long period.
        DHA City Karachi management promised that it will be liveable in 2016 but in my opinion, it will not be liveable atleast until 2020 and even far flung phases untill 2030.

        Reply
        • muhamamd azeem uddin

          on   said 

          zahid sahab, rightly said that DHA city will be liveable after 2030 and may be 2040. see gulshan e maymer still vacant.
          similarly Jinnah avenue near malir cantt is still vacant a lot . it means few groups is doing speculation on REAL esate and making MONEY under the umbrella of government. Because government is not CRASHING this kind of things that make middle class people homeless as well as industrial development is become finish.

          every one who have money have involve in Real estate business. you can not run the country only real estate.

          Reply
          • Muhammad Azeem Uddin
            DHA and Bahria Town are best housing developments in Asia
            BUT UNFORTUNATELY
            Now they are hug of speculation. Sky high prices are just due to black money.

        • Zahid Ali
          Well said
          Speculation is due to balloting
          After balloting people will get some profit and after that sale volume will be high which will depress prices.
          Real hing is hen people will start living and these areas will be fully inhabited.
          Many phases of DHA in Lahore, Karachi and Islamabad are empty.

          Its just the speculation, nothing else

          Reply
  12. muhammad azeem uddin

    on   said 

    Sir.Sir. the price was one year before I mean January 2016 of S.I.T.E PHASE 2 Block F industrial are super highway HALF ACRE plot was ONE CRORE.Now just after one year it is 3 CRORE. can you explain what causes. similarly as you seen export is going downward trend as well as unemployment ratio is high. in this situation if industrial activity should BLOCK due rocket price of land and much better return than factory so some one why took botheration to set up industry.

    Reply
    • Zahid Ali

      on   said 

      Absolutely correct. Here investment in industrial plots is to make money in short term, not to establish industries. Houses are being constructed for profit, not for the purpose to serve homeless people.

      Reply
      • Zahid Ali
        This is the blessing of black money
        Genuine home buyers are out of market as people with black money have parked it in property sector
        Real home owners cannot afford to buy home
        Situation is very bad

        Reply
    • rizwan

      on   said 

      YES TRUE….PPL WHO WANT TO BUY HOUSE FOR LIVING CANNOT BUY AND PPL WHO DO NOT WANT TO LIVE IN A HOUSE HAVE MANY PLOTS AND HOUSES JUST FOR MAKING MORE AND MORE PROFIT…PRICES ARE UNREACHABLE FOR GENUINE HOME BUYERS…

      Reply
      • muhammad azeem uddin

        on   said 

        rizwan really you shows RIGHT picture. Pakistan is no been created for Making money.see the trump how he is being stand on his words for which people have vote him.just we need TRUE LEADER. once we get Pakistan will become a welfare estate. we only pray for this. on election and voting it can not be changed because just 15% educated peple can not elect the their DESIRE PEOPLE.

        Reply
  13. Zohaib Ahmed

    on   said 

    Can you please shed some light on prices trend in developed schemes of Karachi like North Nazimabad, Gulshan-e-Iqbal, PECHS or Gulistan-e-Johar. From the looks it seems the price trend is upward and is increasing on weekly. Also, I don’t see any correction happening in the next 6 months due to amnesty scheme for off-shore companies which is round the corner.

    Reply
    • Zohaib Ahmed
      North Nazimabad, Gulshan-E-Iqbal & Gulistan-E-Jauhar saw 25-35% price fall after Budget / Tax amendments 2016-17.
      YES, asking price is increasing in these schemes but not the actual sale price. Actual sale price is much lower.
      In the next 6 months:
      Yes I see gradual price gain
      BUT
      Crackdown on corruption by COURTS will destroy the property prices in these areas by more 30-40%.
      If crack down on BLACK MONEY by COURTS does not happens, prices will keep rising.

      Reply
      • Zahid Ali

        on   said 

        I dont think that prices keep rising for indefinite period not even if every contributing factor will remain same (positive). In near future, the correction in price is more favorable instead of price hike. The supreme court decision on panama case will really impact on the property prices.

        Reply
        • Zahid Ali
          I have mentioned several time that prices are stagnant (real sale price)
          Asking price is rising
          But crack down on corruption by COURTS will totally crash the property market.
          Expensive areas or areas with high speculation wills see massive price fall of up to 40%

          Reply
  14. Zahid Ali

    on   said 

    Decade cycle of 4 different items.
    1. Real Estate
    2. Stock Exchange
    3. Precious Metal
    4. Interest Rate

    If we closely analyze the decade cycle of above four items, the rising trend of first two go together and achieve a peak. At the same time, the last two observe declining or standstill trend. The vice versa situation is observed in next half of the decade cycle means first two observe declining or standstill trend and the last two observe rising trend and achieve a peak.
    In 2016-2017, the first item is already achieved its peak and 2nd item is about to achieve its peak. So the declining or standstill trend can be observed in the next five years for the first two items. Keep in mind that there is always exception for some areas in real estate and some scripts for stock exchange.
    The last two items had achieved its peak (gold, silver in 2011, and interest rate in 2009 to 2011) five to seven years back. Currently gold is trading around 1200 dollar/ounce and silver 17 dollar/ounce) keep in mind that gold touched 1900 dollar per ounce and silver 49 dollar/ounce in November 2011. Same for interest rate, it touched more than 14 percent in 2009 and more than 13 percent in 2011 and currently the interest rate is touching their lowest level less than 6 percent.
    From the above it can be deduced that first two will observe declining or standstill trend and last two observe rising trend (will achieve a peak) in next five years.
    Therefore, the good investment for the next five years is to invest in precious metal or in fixed deposit, since interest rate should start increasing in a couple of year time.

    Keep in mind that there are always some exception.

    This is exclusively my analysis and I may be completely wrong.

    Reply
    • muhammad azeem uddin

      on   said 

      Sir.Sir.Sir zahid ali: nice to read your observation based on knowledge. if this is wrong then sir their is many things is going to wrong in Pakistan which in unthinkable like asif Zardari become president of pakistan

      Reply
    • Zahid Ali
      Great insight
      Today stocks are @ 50,192 highest in PAK history

      If we remember credit crunch of 2008
      Pakistan saw decline in real estate and stocks but rise in gold price and interest rates.

      Rising gold price and interest rates will result in declining property prices.
      As people with withdraw money from real estate sector and will deposit in banks

      INTEREST IS RISING WORLDWIDE ONCE AGAIN

      Reply
  15. What is the market situation in bahria sports cit & golf city karachi. Is it going in minus or plus. Is it a good time to invest or should i wait till june/july’17.

    Reply
    • Muhammad Shabbir
      This project is much famous in the market. According to BAHRIA TOWN they have land and development work in in full swing. In 1 year I personally fell 10-15% profits. We should understand that the time of overnight profits has come to and end. What we will see now is the gradual price rise. Completion of Lahore Ring Road till ADDA PLOT will have good impact on Bahria Orchard 4.

      Reply
    • Mahboob Mughal
      Sometimes buyers take less interest in project. Due to this developers / owners try to sell project at discount or at less price which was on the time of launch. This is called as MINUS.
      ON THE OTHER HAND
      When projects get popular and lot of buyers take interest, developers / owners of projects raise prices this is called PLUS

      Reply
  16. Hammad

    on   said 

    Ghar 47,

    A bit off topic but do you know how much time does it take usually to register power of attorney after one signs the document in front of the registrar.

    Reply
    • Hammad
      Singing of documents is generally considered the registration of power of attorney
      But it takes some time like legal documentation and registrar take some time to issue letters
      In some cases registrars even publish about registration and cancellation of power of attorney in news paper

      Reply
  17. Vector

    on   said 

    which is secure investment schemes n areas in rawalpindi / islamabad for under 5 million budget … should someone invest right now for next one to two years?
    we are about to purchase a 10 marla in Bharia Greens Phase 8 for construction and living and also some other places like Gulberg Islamabad for a 2 year investment, but considering such uncertainty, what is safe investment period n place

    Reply
    • Vector
      I will suggest to wait till MARCH/APRIL to buy property
      Some sort of price correction is on the way in February

      IN ISLAMABAD TWO AREAS ARE GOOD FOR LONG TERM INVESTMENT
      1- Societies near to ISLAMABAD EXPRESSWAY
      2- AREAS / SOCIETIES NEAR TO NEW ISLAMABAD INTERNATIONAL AIRPORT

      Islamabad expressway is the long road starting from G.T. Road till Faisal Masjid

      It will be major hug of commercial activities in future

      Islamabad new international airport is part of CPEC and from motorway road will lead to Abbottabad and then Kashghar

      GENERAL RULES OF THUMB FOR PROPERTY INVESTMENT (LONG TERM)
      Buy cheap properties in under developed schemes as profit margins are high
      Always invest for at least 3-5 years to gt good rewards

      BEST AREAS IN ISLAMABAD FOR 2-4 YEARS INVESTMENT

      1- GULBERG ISLAMABAD
      2- GHOURI TOWN ISLAMABAD
      3- E-17 FAISAL RESIDENCIA ISLAMABAD
      4- FAISAL TOWN F-18 ISLAMABAD
      5- PAF TARNOL ISLAMABAD

      Reply
      • Vector

        on   said 

        and what about any secured investment in rawalpindi?
        bahria phase 8 has any potential? i still remember in 2012, 10 marla was 1million now it is trading at 4.5 to 6 million …
        what u think, market will remain stagnant for nect two months or prices might fall?

        Reply
        • Vector

          BAHRIA TOWN RAWALPINDI

          Bahria Town is one of the top real estate development companies of Asia. The way they have developed housing schemes has even astonished the first world countries. Yes Bahria Town has many issues of their own but their developments are stunning.
          Bahria Town Karachi & Bahria Town Lahore have excellent planning but location is not prime like away from main city. But Bahria Town Rawalpindi has best location as it has good approach from G.T. Road and Islamabad Expressway.
          Bahria Town Rawalpindi Phase 8 is where lot of construction can be seen like apartment projects, business centers, villas and plots. Bahria Town Phase 8 will give good results in like 2-4 years time.

          TIME TO INVEST IN PROPERTY SECTOR

          Clouds of big price crash are in skies jut look at daily news updates; a hint. Crack down on black money by COURTS will totally collapse the property prices in Pakistan. This is why I say we should first see whats happening around and then invest in April accordingly.

          Reply
          • Vector

            on   said 

            actually i wanted to build a house of my own and we wanted to start early this year but already market is very unpredictable. I might invest in next few months in Gulberg especially but for construction and living for like next 3-4 years we wanted to build a house in Bahria ph8
            is it bad time for such kind of investment also?

          • Vector
            After currency crisis in INDIA
            Indian property market is 4 times down

            Every Pakistani will know in MARCH / APRIL where our property sector is moving

            THINGS WILL BE VERY UGLY
            What I foresee is that property crash after Tax amendment in June 2016 will look like spring time.

            A little more wait before investments

            HOLD YOUR MONEY
            Hopefully you will get cheap property

      • Vector

        on   said 

        also cant find name of ghauri town on cda website list of societies with approved noc, same goes for faisal residencia or may be cda website is not uptodate

        Reply
  18. Sir, Please guide me about faisal residentia.. I have 1.8 million and want to purchase in faisal residentia 5 marla..The property dealers are asking for profit from 3 to 6 laks on file (downpaiment+2 installment paid+profit) Is it ok for me to invest there…

    Reply
    • Asad
      Yes this area has much better potential
      REASON
      Opening of New Islamabad International Airport on 14th of August 2017
      IF YOU HAVE CONFUSION
      Just call GILLANI ESTATE
      Tell them about GHAR47

      If they don’t give you better offer don’t buy from them
      Always visit many dealers before purchase of properties
      Dealers are desperate now a days due to low volume of sale

      Many dealers will be willing to sell you plot on less profit

      Reply
        • Rajab
          Thanks

          There is desperate hard effort by realtors and real estate agents to up lift the reality sector. But unfortunately of no help.

          I will accept that market is right back on track if;

          STATE OF THE ART HOUSING SCHEME, LAKE CITY LAHORE will be in positive. Lahore Ring Road from Kamahan to Adda Plot will have 6 interchanges. One interchange is Lake City Interchange. Even this is not enough to up lift the stagnant property sector in Lahore.

          Big storm is on the way in February. Once we are in April things will start getting better. Before any investment we should wait for these two months.

          Reply
          • Rajab

            on   said 

            @ Ghar 47, would you please advise the investment prospects of dha gujranwala and dha bahwalpur, currently development is already in progress at bahwapur and gujranwala no news.

            Please guide which option is good for investment. Further guide is there any possibility for price to come down in these phase in next 2 months.

          • Rajab
            Yes there are news of fast progress in both DHA Bahawalpur and DHA Gujranwala
            There is also news of launch every week but nothing happened last year.
            I personally don’t see major price fall as prices are already normal.
            For me DHA Gujranwala is a good option for three reasons;
            A- Gujranwala desperately needs elite housing society
            B- Its near to G.T. Road
            C. Near to provincial capital and mega city LAHORE

          • m anwar

            on   said 

            SIR, I am regular reader of ur blog because I am also searching a suitable place for my own home, u are asking from last 2-3 months that prices will fall down but in actually pricies are becoming high n high like in jinnha garden , glberg isb, for ur comments

          • M Anwar
            I know you and you are one of the great contributor of our blog section
            What actually is happening is that prices are not rising its just the rise of asking price
            Prices will come down soon you just need to wait little more
            Crack down against black money is just on the way which will crash property price.

            Property prices in Jinnah Town and Gulberg Islamabad are still lower as compared to other housing schemes
            Price rise in Jinnah Town and Gulberg Islamabad is due to the widening on Islamabad expressway and underpass

    • Shazina
      Situation was similar from 2005-10
      What I see we have entered another phase of price correction, adjustment or long stagnation. Real wage rise will now up lift the property market.
      Amnesty scheme has failed so far.

      Reply
  19. Shehzad

    on   said 

    What is happeing kn the market. Its going up or down. Tang aa gaya hoonn market situation se. Ko saf picture naxar nahin aa rahee ha.

    Reply
  20. Rajab

    on   said 

    In which area prices are stagnant or increasing / decreasing. do you have such data based on your interaction or dealings as it will help the all to see actually what is happening and to decide future action plan.

    Can you please share some info on bahria orchard 4 i heard its on is minus now, whats actually going on there appreciate to have more idea.

    Please also cover the DHA CITY lahore and share some info.

    Reply
    • Rajab
      Your question is specific to Lahore
      I will try my best to cover as much as possible

      BAHRIA ORCHARD PHASE 4
      Good for investment and also for living as very soon we will see Lahore Ring Road passing nearby. But yes actually its in minus. If someone knows my last comments, I told that Bahria Orchard 4 is test case for Bahria to regain lost glory and confidence.

      DHA CITY LAHORE
      DHA had stopped the transfer. Prices are very low and investment is very risky. i will definitely say that we should stay away from it.

      LAKE CITY LAHORE
      New launch of 5, 10 7 20 Marla plots is also in minus.

      DHA LAHORE 1-9

      PHASE 1-6 DHA LAHORE
      There is some increase in the asking price. But according to dealers sale volume is as low as before tax amnesty scheme. Yes, dealers are saying that they are receiving more inquires.

      DHA PHASE 8 LAHORE
      Due to possession offered in December 2016, this phase is in better shape. Prices have seen some up trend there. This phase saw some 25% price fall since budget, but have recovered 7-10% losses depending on the plot location.

      DHA PHASE 7 & 9
      Prices are stagnant and mature investors are not interested. The only reason is that these phases will take decades before they are occupied.

      BAHRIA TOWN LAHORE
      One of the best planned housing schemes in Lahore. Have issues due to Lahore Ring Road Route. For the genuine buyers its still has anythings to offer. But for investors, not much charm is left in short term like 6 months. Yes long term there are gains like 3-5 years.

      LAHORE CANTT, GULBERG, MODEL TOWN, GARDEN TOWN, SHADMAN
      These areas are normally dubbed as central Lahore. These areas are property crash proof as they always keep high demand due to central location. But due to expensive properties and gradual annual rise, these areas are also not ideal for investors. BUT FOR BUY TO LET, rental yield is high and always you get lot of renters for your properties.

      AREAS OF DEVELOPMENTS
      Raiwind Road, G.T. Road towards Wagha Border and Ferozepur Road. We will see many new developments there but these projects are in planning / approval phase. G.T. Road prices have massively increased in Last 1.5 years due to METRO TRAIN ORANGE LINE LAHORE.

      AREA ON OTHER SIDE OF RIVER RAVI – SHAHDRA
      Lost lot of charm as River Ravi Projects is delayed due to massive investments which are required to complete this project.

      Reply
          • m anwar

            on   said 

            what are ur comments on property rates of isb rwp, please give ur reply in detail as u has givn to mr. rajab
            thanks

          • M Anwar

            Islamabad Rawalpindi Property can be divided into 5 groups

            PROPER PLANNED ISLAMABAD
            This area is the core of Islamabad and has BLUE AREA. This area is resilient to price crash. Property prices are stagnant there with no rise and no major fall.

            AREA ON BOTH SIDES OF ISLAMABAD EXPRESSWAY
            This area is where many new developments can be seen. This area is good for property investment as property prices are low. Genuine buyers are buying properties there and prices are on gradual rise like 5-10%. GHOURI TOWN AND GULBERG ISLAMABAD ARE GOOD FOR INVESTMENT.

            PROPERTIES NEAR NEW AIRPORT
            Many affordable housings schemes can be seen like Faisal Town, Faisal Residencia, PAF Tarnol, Shalimar Garden. Due to low prices, genuine buyers are securing properties but no major price rise. Many housing societies are even in minus.

            RAWALPINDI
            Rawalpindi is mostly inhabited and has less impact due to taxes. Sale purchase is less but prices are stagnant. Good areas like Satellite Town, Effendi Colony are very expensive and have low-profit margins.

            DHA ISLAMABAD
            Asking prices are no rise. Dealers and sellers have definitely increased the asking prices but actual sale price is very less. Property prices fell by approximately 20% in DHA Islamabad due to new taxes. Asking prices are same as before but DHA has failed to regain the losses due to tax amendments. Many new projects in DHA Islamabad but buyers are taking little interest.

            BAHRIA RAWALPINDI
            Bahria Rawalpindi is famous for upper middle class people for living and renting. New projects in Bahria are unable to uplift the property market. Prices are down in Bahria Tow Rawalpindi since budget 2016-17. Sellers are asking the same old prices but sale volume is low and sale price is much lower than the asking price.

            OVERALL PRICE TREND IN ISLAMABAD / RAWALPINDI
            1- Increase in asking price can be seen
            2- No major increase in sale volume
            3- Sale volume only increased in December. It was just due to foreigners who visited Pakistan and invested in property sector which is yearly exercise.
            4- Decrease in the launch of new property projects
            5- Many unsold projects can be seen
            6- Prices are stagnant in most cases.
            7- Small properties have good demand but no buyers for expensive properties
            8- rise in inquirers about different projects and properties but buyers are hesitant to buy property as they are looking for more price fall

            IT LOOKS LIKE THAT TAX AMNESTY SCHEME IS UNABLE TO UP LIFT THE STAGNANT PROPERTY SECTOR. HOPEFUL REVISION OF TAX IN NEXT BUDGET WILL PROVIDE THE SHOULDER FOR REALITY SECTOR.

            Pakistan has entered another era of long property price stagnation. First was observed 2005-2010.

      • Rajab

        on   said 

        please also guide about price trend for dha 10 lahore and dha rahbar also and any price decrease expected for these phases.

        Reply
        • Rajab
          Prices are where these were 3 months before in these phases just little bit hype due to tax amnesty scheme which is already evaporating

          Lahore Ring Road will have an interchange; HALLOKI Interchange
          HALLOKI GARDEN has specialty small in size
          Beautiful layout like model town
          Just 5 & 8 Marla cutting
          Good nearby infrastructure
          Good planning and low gambling will give good returns if you can invest for 2-3 years.

          Wait till MARCH / APRIL and you will know price fall. I personally advise everyone that they should wait 2 more months before investment. And enjoy your time and always watch news headlines for a hint that I cannot share. I will write the detailed blog when some big event will happen.

          Reply
          • Muhammad Nisar

            on   said 

            Kindly guide me sir i want to buy plot under 10lac ranges in wahcantt its (faisal iqbal town or model town phase 3 or gulshan e anwar)..which option is best for future prospective..

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