Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
When the right time's to invest in Pakistan property?
09-15-2018, 02:06 PM
Post: #1
When the right time's to invest in Pakistan property?
It's the right time to invest in Pakistan's property sector as prices have been increasing over the past few months after the Imran Khan-led PTI government came into power, industry executive and developers said.

"After the new government took over, we are seeing the property market is getting active again. People are looking at investing again. There is a sense of confidence on the ground and if that keeps building, we will start seeing an increase in prices. Property prices in Pakistan have been stable in the last couple of years since tax reforms were introduced in 2016," said Zeeshan Ali Khan, CEO and co-founder of Zameen.com, Pakistan's largest property portal and host of the Pakistan Property Show, which is being held at the Dubai World Trade Centre.

When tax reforms were introduced in 2016, sales of properties worth over Rs5 million had slowed down because they fell under the tax net. But off-plan properties and those priced below Rs5 million saw traction.

"There has been more movement in low-end properties. It was good for the sector because people were flipping properties, that has now stopped," Khan said.

"Pakistan's economy is not in good shape now but people are very positive. This wave is not going to last very long, so the government needs to capitalise on it and come up with the right measures. Another reason that makes the sector outlook brighter is that more government properties will be released in the market," he said.

Ahmed Shaikhani, managing director of Shaikhani Group and president of Motor City in Karachi, said prices have been going up since the new government came into power as the confidence of local and foreign investors has improved.

"The government is coming up with some regulations; plus security and safety is improving, so prices are going up as a result. Hence, it's the right time to invest in Pakistan and the returns are very good," he added.

The Zameen.com chief said the leasing market is highly critical for the real estate market and called for new regulations for the growth of the leasing sector in the country.

"It is a cash-based economy and the leasing market's contribution to the GDP is less than 0.5 per cent. Until you make that feasible, you're not going to get price hikes," he said, adding that the government must come up with regulations ahead of the launch of five million houses for the poor.

"If you launch low-income housing, you need to make sure that it ends up with the right person. If it goes into the trading market, everything will end in chaos," he warned.

Reference:
https://www.khaleejtimes.com/business/re...n-property
Find all posts by this user
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  PM Imran Khan motivate investors to invest in Pakistan - Latest Update LRE-Azan 0 1,196 09-11-2018 03:03 PM
Last Post: LRE-Azan
  Chinese Ambassador Engrossed To Invest In Automobiles Accessories LRE-Azan 0 1,647 11-07-2017 03:50 PM
Last Post: LRE-Azan
  FDI: Movenpick to invest $30m in Pakistan Salman 0 2,354 02-10-2014 02:45 PM
Last Post: Salman
  Property Insurance in Pakistan to 2017 CMY 0 2,193 01-16-2014 09:09 AM
Last Post: CMY
  Turkish group to invest in infrastructure projects Salman 0 6,635 11-11-2013 12:31 PM
Last Post: Salman
  Qatar willing to invest in energy, housing sectors Salman 0 7,867 11-09-2013 04:28 PM
Last Post: Salman
  All NHA projects to be completed in stipulated time: Arbab Salman 0 7,395 08-17-2013 12:55 PM
Last Post: Salman
  One-time luxury tax imposed on 2-kanal and bigger houses Salman 0 4,470 06-18-2013 12:25 PM
Last Post: Salman
  RDA expedites work, but project unlikely to be completed on time Salman 0 3,248 06-01-2013 03:29 PM
Last Post: Salman
  Mareer Tunnel project to be completed in time Salman 0 3,331 03-11-2013 07:51 PM
Last Post: Salman
  Malik Riaz, Abu Dhabi Group to invest $ 35B Salman 0 2,979 02-18-2013 06:53 PM
Last Post: Salman
  Chinese firms willing to invest in Pakistan Salman 0 2,969 12-07-2012 12:31 PM
Last Post: Salman
  Time to build the Malakand Tunnel Salman 0 4,149 08-07-2012 01:09 PM
Last Post: Salman
  Turkish businessmen ready to invest in Pakistan Salman 0 2,985 06-16-2012 01:09 PM
Last Post: Salman
  Pakistan Property News :5 to 10% CGT imposed on sale of property Salman 0 5,017 06-02-2012 12:37 PM
Last Post: Salman
  Islamabists resent 3-time increase in plots transfer Salman 0 2,632 03-10-2012 12:29 PM
Last Post: Salman
  NHA chairman for completion of projects in time Salman 0 2,634 01-30-2012 01:46 PM
Last Post: Salman
  Telecom Sector earns all time high revenues in 2011 Salman 0 2,106 01-25-2012 04:10 PM
Last Post: Salman
  ‘We really need to be prepared this time!’ Lahore_Real_Estate 0 2,511 11-02-2011 12:33 PM
Last Post: Lahore_Real_Estate
  ZONG to invest more in Pakistan Lahore_Real_Estate 0 2,113 08-18-2011 03:23 PM
Last Post: Lahore_Real_Estate

Forum Jump:


User(s) browsing this thread: 1 Guest(s)