Dear Rizwan,
Margalla Avenue is going to bring a big change in Islamabad by directly connecting zone 2 with zone 1. So any investment along MA is bound to fetch highest returns in medium term.
This is only and only if MA becomes reality. Since the stakes are high of golra's pirs and khans therefore anything is expected till the last minute.
@ Shahzad
My plot is on three years installments plan so I don't think that DHA will give me the allotment letter till I've cleared all installments. But I've received the original intimation letter and payment plan from DHA via courier. You'll need to complete the membership form and risk certificate and send them to DHA. DHA will then send you the originals after 3-4 weeks. Better give them a call as you have paid lump sum so technically your plot is all dues clear and you should be expecting possession in coming months.
@ Arshad Khan
Thanks for the reply! I did receive the intimation letter via email from DHA before I submitted the money. I she sent the membership form and risk certificate more than 45 days ago. But I haven’t received anything in mail!
I will try to chase up DHA after the weekend.
Mubarak ho. Amnesty extend ho chuki ha. Aaj hi khabar ai ha dawn aur urdupoint par.
Mubarak ho. Amnesty extend ho chuki ha. Aaj hi khabar ai ha dawn aur urdupoint par.
There is a serious risk of hyperinflation with governments around the world printing money. People tend to buy real estate and other safe heavens once inflation is picking up. What we are seeing are the early tremors of high inflation. I don’t expect real estate prices to stop appreciating for at least 2-3 years.
Time to ride the real estate train boys!
Another piece of excellent new, interest rates will remain at 7% meaning borrowed money will continue flowing into real estate and no one will hold their cash in banks. Expect good returns in next 6 months, everyone!
Shahzad brother. I know shaukat tareen since long. He is against printing of new money. & You have observed during this eid no new Currency Notes were printed as were done before. Only required currency will get printed from now. This is to contain inflation.
Currency surplus/printouts is only part of inflation equation. Economic stagnation is the real cause that is based on stalled development (austerity), rising debts, hot money from SBP and nose dived GDP, to name a few.
If economic situation thrives, more employment, more investments (FDI) so basically size of the economy grows and new print out doesn't hurt but as economy shrinks and print outs increase thats a disaster!
Imtiaz,
It doesn't need an economist to answer the simple question:
Q: How do you meet expenses of 7,137 when your income is just 4,000.
A: By borrowing or PRINTING money.
Yes Isloo ...
The point of discussion here was as if restricted print-outs will stop/reduce inflation that has not been the case!
So back to the topic guys, are you feeling any acceleration in the Market? My feeling is only B-17 and adjacent areas are having some boom other areas are still silent, share your latest experience please.
@Nasir Wait till mid June. June 11th is when budget news will come out and it is expected a jump in prices will occur after that everywhere. Amnesty extension has already been confirmed by Shaukat Tarin but when it is officially announced on 11th, more investors will arrive especially in Lahore and Islamabad.
Correction is invitable in all twin city properties.
Everywhere price jumps are out of proportion and over the roof.
Correction could follow the last boom pattern...
I bought one Kanal in dha-2 @ 67 Lacs during boom...came down to 42 later and now mini 3.75 crores..
Now black money is being poured in billions but after amnesty is over, correction may happen but after correction, price will increase per market forces...
Not advisable to buy in abnormally high societies...
@Abdul Qayyum Whenever amnesty is not extended or is removed, definitely correction will take place everywhere. No question about it, everyone in market has the same belief because current prices are pumped up by investors and are unsustainable for genuine buyers in long run. However for next 6 months prices will not go down because amnesty has already been extended. As soon as budget news comes out, price jump will occur without a doubt.
I believe it is still advisable to buy in some areas of Islamabad and Lahore but stay away from smaller cities like Multan, Bahawalpur etc. Anyways if you time your investment correctly for example buy right now and sell in a year, you will definitely see a profit. I say this because government is making loans is easier for house construction and it is expected some more good news for construction industry will come on 11th June.
Agreed Asad sb
The activity seen in real estate is showing the business is still expanding and if budget shows friendly, still a lot of room in making profit.
Trick is buy & do not be greedy...sell when a justified profit is being offered.
PAK real estate is akin to stocks that reacts to news and gossips.
As such there is no boom or fall, it's simply:
-- Bull (Bullish): Keep rising unless News, Events, Economic Circumstances Impact.
-- Bear (Bearish): Keep falling/ stand still unless News, Events, Economic Circumstances Impact.
Jun-2018 to Jun-2020 has mostly been Bearish and now it's a Bullish until further flip in this binary situation.
At very minimum Bari Eid Tak, it will be Full Bulish ...
Well said Asad Cheema sab.
Regards
Bull bear markets doesn’t end overnight. Especially in real estate, bull bear markets take years to complete the cycle.
To the moon
Yes, in regulated stocks. Here Stock can crash in a while so does the RE … It’s PAK 