July 2018 was a relatively stable month as there was a lot of fervour about the elections in the market. The market improved marginally during this month, and was primarily engaged with genuine buyers.
Overall, the prices of houses increased by 0.7%, which is a rise of 1.57-index points. During the last month, there was an increase of 0.82-index points and this means that the prices have remained stable throughout this period. The increase of 0.7% is an indication that the market engaged with genuine buyers, meaning the market for houses has remained stable.
Pakistan Plot Price Index
The Pakistan Plot Price Index has recorded an increase of 0.24%, coming from an increase of 0.6-index points. During last month, the Plot Price Index had increased by 0.29-index points, contributing to an increase of 0.12%. Both these trends indicate that the market has remained stable and the coming months will help determine in which direction would the market move.
The prices for houses in Lahore increased by 1.35%, with an increase of 3.16-index points. During the last month, prices had increased by 0.27% from an increase of 0.63-index points which shows that throughout this period, market has remained stable. As can be seen from the graph, there is a slight spike and so the coming months will better help determine in which direction the market for houses will be moving.
The prices of plots in Lahore have exhibited an increase of 0.31-index points, which is an increase of 0.1% in prices. This, when coupled with last month’s statistics of 0.2% increase in prices of 0.6-index points, shows that the market is stable.
The market for houses in Karachi has gone down by about 0.725 %, which is a decrease of about 1.46-index points. The slight decrease has been consistent with June’s statistics of 0.32% decrease from 0.65-index points. This shows that the market hasn’t recovered and retained its downward trajectory.
The market for plots in Karachi has decreased by 47.38-index points, which is a decrease of 6.67%. During June, the market experienced a decrease of 0.45%, which when is compared with this month’s statistics, shows that activity during July hasn’t picked up pace. The next month will help determine exactly if the market has achieved stability or not.
The prices of houses have remained stable as the market has experienced an increase of 0.67%, from a move of 1.17-index points. During June, the prices of houses increased by 0.39%. These trends indicate that the market has retained its stability during this month as well.
The Islamabad Plot Price Index has improved by 0.67%, from an increase of 2.03-index points. During the last month, there was an increase of 0.11% from 0.34-index points. All of this highlights that the market for houses in Islamabad has also remained stable and that the coming months will help determine in which direction the market would go.
Overall, the property market has remained stable throughout, with minor fluctuations in Karachi for both plots and houses. This means that overall, there is an equal amount of buying and selling in the property market and the prices aren’t fluctuating too much beyond the norm.
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