DHA Lahore Plots prices is witnessing a drop in Residential & Commercial sector during the third quarter of 2022.
Political unrest started in 2022 & has affected the economy badly. Real Estate in Pakistan is the key industry in economic growth. Major Factors are skyrocketing inflation.
Pak Rupees price has dropped phenomenally against the USD. The migration from small towns to metropolitan cities for jobs. People from flood-affected areas are a challenge for the government.
Pakistanis living abroad invested a large sum of money between 2019 to 2021 last quarter. The Pakistani expatriate’s remittances grew by 6.1 percent in the fiscal year (Jul-Jun) 2021–22 to $31.2 billion against the inflows of $29.45 billion in 2011.
A few Reasons why Properties in Pakistan are in trouble?
The high inflation rate & low-valued currency is discouraging overseas Pakistanis not to invest currently in Pakistan.
The drop in the export sector, the highest cost of electricity in the last two decades, and expensive petrol have affected local industry badly like never before.
During the last two months, the prices slipped from the top & still going down without any support.
On the other side, people having cash in banks are worried about the unstoppable currency devaluation.
They are trying hard to find opportunities to park their savings in real estate.
The average Residential plot price for a 150 Square Yard size was 8.5 Million Pak. The Prices climbed up to 15 Million by the end of the year.
We can see future of Real Estate in Pakistan is challenging but not completely dark.
Defaults in Home Finance, With the rising cost of building materials, the developers failed to deliver the projects on time.
Soon Property Auction in Pakistan will be on the rise. Property Trader is an Online Platform providing services for Real Estate Auction online.
Visit Property Trader Pakistan To get the latest updates about DHA Lahore plots prices in Phase 6, Phase 8 Ex Air Avenue, D H A Town Phase 9 & DHA Prism Phase 9 Lahore. Also, for the latest auction in Pakistan.
originally published on medium
