Can you please gimme some detail about the property rate behaviour in islmabad over the past 5 years? Is it increasing or decresing on what rate?
Overall, residential and commercial real estate in islamabad has risen at least 4 times in numerical terms (a plot that had a price of rs x five years ago is now rs 4x or more depending on area).
But the real increase is less - i think three times max. This is because the rupee has devalued massively against the dollar. So the actual value of the plot has appreciated 2-3 times.
This is my view based on what was being offered for plots in jkchs and dha 5 years ago and the price these plots are fetching now.
Dear komal,
The property prices in islamabad has increased a lot over the last few years or more. This upward trend is still going on and if the governance situation improves in the capital, i foresee further increase in the market. This is my personal opinion based on market observation. Thanks
There was a dip in plot files in 2010-2011, but as the posts above mention, the prices of actual houses and possession plots have increased.
The prices on plot files did decline big time a couple of years ago, but as i recall possession plots prices, houses, flats, plazas and shops were not affected in the property down turn 2 years ago.