Pakistan property market now and in the future

Pakistan's global architecture has the rewards since the establishment of new world tax budgets 2016-17. The government put a very high tax on the sale and sale of buildings. Even the establishment of a global taxpayer has failed to grow the market for continuous items. During the recent budget 2017-18, the government has expanded local taxes and the FBR will speed up the 30% valuation rate.

Higher taxes have a positive effect on the property sector. On the other hand, high taxes lead to the sale of low goods. Low sales mean low prices, good for home buyers. On the wrong side, low sales mean low sales and real estate purchases. Low purchases reduce the income of local citizens. Let us briefly discuss the situation of the Pakistani Market Market now and in the future.

The current situation in Pakistan's market of goods

Currently, Pakistan real estate sector is the main one. There are three main reasons for this attack. First, the government has increased the tax rate (Capital Gain Tax for sale has increased to 20% from 10% and it is 3 years longer but there is no discount on property sales within 1, 2 or 3 years) whereas the FBR has also increased the rate of valuation of 30%. Due to high taxes, the sale of goods has declined. Second, political conflicts in Pakistan have a serious impact on the housing sector. Due to political disturbances, uncertainties also increase investors who will not invest in uncertainties. This has reduced the cost of investment in the housing sector. Third, Pakistan is quick to release foreign remittances due to economic breakdown and political unrest in the Middle East. The luxury of Middle Eastern countries melts due to low oil prices. Subsidence is less than a few investments in the field of housing that can affect the general purchase of goods.

The future of Pakistan real estate sector

In order to be able to buy future assets in Pakistan, we must first find buyers and merchants in Pakistan. Who are the expensive buyers, who have 2 crores or more? The simple answer is this; entrepreneurs, overseas companies and people with black money. First of all, businesses are low because of the poor economic situation in Pakistan. Second, Pakistani immigrants lost their energy capabilities as a result of economic disasters in the Middle East. Third, the big explosion of SC with black money continues.

So what will happen if there are no convenient or expensive buyers? The only answer is that the world's cost will be sharp or stable for 4-5 years. Pakistan has already seen the consolidation of both 2005-2010, where prices first crash and last for many years. In short, we will see the property prices fall in the future. The only question is the hard disruption or breakdown. This property crash is what most Pakistans do, as it will lower the cheapest property.