As a wanna be foreign investor one thing that stops me from investing in Pakistan real estate besides qabza mafia and law and order situation is the continuous thrashing of rupee vs other currencies.
While I was searching this forum for this issue I came across this discussion from three months ago:
http://www.zameen.com/forum/answers/buying_property/pakistan_rupee_crash-3319-5.html
Pk1 gave a very solid example from his personal experience in that discussion (3rd reply on that page) but the example he gave was for the societies which are under developed.
Foreign investors in my opinion usually have a large capital to invest for living purposes so they would be looking for properties in developed sectors. So my question is this that is it a good time to buy in fully developed sectors or hold onto dollars?
ZOL Brother… Now dollar getting de-value against pak-rupee. So its not a smart thinking keep dollars instead of invest some where. You are right law and order situation is too bad but bro… We dont have another option. We have to make situation better no body will come from out side to help us out of this situation. I just pray Allah grace to our nation and we can get a real Sincere leader for this nation.
Inshallah Ahmed bro.
Economics:
When the value of currency decrease for overseas then more buyers appear in market and result is increase in value of property.
Developed sectors are good for living but not for investment as investors or risk takers have already taken the juice from it.
Pak is lacking homes as joint family system is falling down, so real estate has potential.
In my view, investment in real estate is a good option, but u need to play your cards well, as all depends upon where, how and why you will invest in some society/ scheme. Especially, it is not easy job for overseas Pakistanis.
thanks
Dear Law and Order situation is getting worse all over the world has nothing to do with your investment. Be patient, Inshallah everything shall be fine. It’s worth investing in property rather keeping PKR as its getting devalued and it will as no concrete economic reforms announced by the Government of Pakistan so far. We are emphasizing on making airports rather dams and only talking about electricity solutions by coal even nothing initiated yet.
There is a difference between investment and securing of your assets. Now it’s your decision, if your aim is to multiply your investment in comparison to currency devaluation/ market inflation go for undeveloped reputable societies, they’ll take 5-10 years in development but at the end you’ll earn a lot covering every loss. Real investor always plays in scrap.
But if your purpose is to secure your money with small increments go to a reputable society where possession has given to the allottee’s but Gas, Water, electricity connections are in progress. You’ll get small jumps on every utility achievement.
By the way, whatever is your decision; always invest in your name. Always remit funds using proper documented transactions through banking channel to avoid tax issues in future.
As PKR is fast loosing its value and crossed 173 to a dollar today, what do our seniors advise to overseas Pakistanis. For how long they should hold and wait for PKR to reach the bottom so that they gain maximum on conversion. This would mean holding off installments and new purchases.
Also, for resident Pakistanis what is the best advice for them to protect value of their PKR (cash). Should they invest in gold, dollar, crypto, real estate, stocks or something else.
A focused and technical discussion is highly welcome.
One & only answer for the best protection & secure the resources is, buying the agri land.
This is the future of our generations.
Agri land is such a lucrative investment that return is mind boggling…
Second option is developed property in cities.
World is changing & $ against Chinese currency is in high danger…
-
Stated earlier, stated long ago, USD on a continuous rise (unfortunately) and now the fluctuations are on daily basis rather than monthly or quarterly. Till IMF bailout package gets paid PKR will keep getting the hit. IMF ongoing negotiations hit a closed end and for now it sent shock waves with PKR devaluing and current account deficit rising.
-
For now, overseas best bet could be to hold in foreign currency as fate of PKR is highly uncertain.
-
For locals, best bet could be gold or with little know how into forex and stocks. Proper time and understanding does yield up to 50% of returns on principal amount (at least), saying it with personal experience!
Market Analysis
Humayun sb
Ok once again I am insisting that as per very highly placed source, BT phase-8 Hamlet is being discussed to go to DHA.
A partner of our partner who is well known in Pakistan has said that. For me hard to tell his name…Not bahria town name…
My 2 cents: Investment in Hamlet is highly advisable…
Plus:
The Original Topic:
Despite getting the Loan from Saudis (callled a Package now in Naya PAK) and IMF agreeing to releaee new tranches of IMF Loan, PKR still falling and trading at 176/USD.
Pretty much a daily fall in this month.
Let me be blunt (even if cursed)
if you have savings in Foreign Currency and Value your hard earned money don’t put it in drain unless PKR stabalises (well, I wonder, if it really will in shorter term)
By the way, Good Work Hamayun Brother, as usual! Very Tempting Title, for sure, in my To Watch Soon list!
Best work Humayyun sb.
Much appreciated
Imtiaz, currency and stock market both are crashing. Current account deficit (وہ جس پرناچ ناچ کر گُھنگرو توڑے تھے) is sky-rocketing and gas crises is looming that will eventually crush industry. But you should take some Chinese Tai Chi classes, that will boost your positive internal energy and you’ll be able to see some positive things around you.
Or instead of the Tai Chi, the Cheap Sniff Stuff may work better : )
IMF 1.06 B USD comes with:
-
22% cut on development budget
-
300B PKR additional Tax Collection
-
PKR 4 increase in Petro each month (till it reaches 1 USD, whatever may be rate if USD).
-
Complete Autonomy of SBP to manage PKR rate, Interest Rate, Hirings at SBP (no intervention by any other institute of state).
-
Audit of COVID funds.
We have already accepted all the conditions of IMF and started implementing except the last one, “Audit of COVID funds”.
Another nail in the coffin
abdul qayyum sb. ok bother. thanx.
Imtiaz brother
it matters when you need to take the proceeds out of country. otherwise price hike in selected avenues will cancel the effect.
thank you so much abdul qayyum sb