Property prices have not yet touched the pre-crisis peak of 2007. As per Zameen.com’s data, average sale price of one kanal plots in Lahore in December 2013 has been logged to be 30% more than the value of similar properties in January 2007 (in rupee terms). However, in dollar terms, the average price of one kanal plots estimated in December 2013 was still three-fourth of its peak value in January, 2007.
Same trend has been observed in stock exchange market. KSE’s market cap was logged at $ 56.6 billion in December 2013, which was still 22% less than the stock market’s peak ($72.8 billion) in April 2008.
These findings show that the Lahore real estate is not approaching towards a property bubble and the real estate market is maturing.
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