Post-Elections Analysis of Karachi Real Estate Market
Karachi, the financial hub of the country has proved to be very quick in responding to the progress many people are dreaming to see in near future. The megacity faces the massive and sudden rise in transaction volume the very next day after the General Elections 2018. According to reports, the buyers were keen to settle their transactions for lucrative real estate developments.
Areas including Scheme 33 and surroundings has emerged as the hot favorite choice among potential buyers and investors. However, buyers who are looking to purchase the property on installments leaned towards the recently launched Rabia enclave.
Apart from Scheme 33, Bahria town secured 2nd position in gaining buyers’ interest. Observing market trends of Bahria Town, it seems like the market is confined in the hands of very few buyers that have upper hand in deciding the final rates. Bahria Town is also the center of interest for the real estate agents who are looking to buy the property in the town at cheaper than market rates with an intention to sell them profitably in future.
Talking about DHA city, we’ve observed the positive vibes from there too. The demand has been mounted up drastically since the market activity has resumed after General Elections. The investors with a medium-term investment plan are the real cause of triggering this demand. However, experts believe that the prices of DHA city will rise up to 20% by the end of this year.
Many real estate investors and buyers are still ambiguous about the taxation policy of the new government. People are high on hopes that the new government will revoke some of the taxes and decrease the tax rates as minimum as possible in order to get maximum taxpayers on board.