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The month of August has seen an expected post-election potential in the real estate market of Pakistan. The market progressed a bit. The presence of genuine buyers kept the market active throughout the last month.
Comprehensively, the market for houses in Pakistan have shown a consistent behavior in the last few months. The increment observed in prices for the last month is the same as it was during the month of July. Which means 0.7%. The progress of the Index from 1.59 to 1.75 essentially indicates that the market remained consistent. The market for the plot price index also progressed slightly jumping from 0.24% to 0.43%. The continuous stability in the market is making the situation pretty ambiguous at the moment. However, we’re expecting that the coming months would make things settle down a bit so that we will be able to predict the direction of the real estate market.
Talking specifically about Karachi, Megacity’s market for plots has dropped down a bit. There was a decrement of 4.66%. During the month of July, this decrement was 6.67%. The effect on the index was the downfall of 47.38-index points. Essentially, these figures indicate that the plot prices in Karachi have been continuously falling. Same goes for the market for houses. There was a little decrease in prices as it dropped down by 0.2% with 0.41 index points. Which makes it more clear that the market for Karachi is consistently making downward trajectory.
Here is the latest happenings, updates, and investment guide about some of the major projects of the city.
SCHEME 33
The way mega-city is expanding, the genuine need for housing has been raised drastically. Therefore, there is a lot of attraction for the genuine buyer in Scheme 33.
Click here to read the full report about Scheme 33
DHA
The Market of DHA Karachi has slowed down a bit from what it was a few weeks before. There were some transactions due to the presence of genuine buyers. However, the investors’ transactions are almost seized at the moment. Same slow down has been seen in DHA Lahore as well.
Click here to read the full report about DHA
DHA CITY
It seems like the market of DHA City is currently facing a major break off. There are very few transactions at the moment. Even though the number of files available for DHA City is less but turnout of buyers are also low.
Click here to read the full report about DHA CITY
BAHRIA TOWN
Although the market of Bahria Town is sluggish at the moment, the project still has an attraction for foreign investments. Bahria Town is one of best available options for overseas Pakistanis.