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Investor
( 168 posts )

[1185 Replies]
Pakistani rupee value is doing a nose dive and currency value has depreciated 30% compared to british pounds since 2017.

I bought 2 plots back in 2015 in bahria town. Even though the price of plots have gone up by 10% each year, the value of currency however depreciated and the investment is completely worthless.

Anyone seeing anything positive coming out of pakistan's economy in the next few years?

    762 days ago In Where to Buy
    Post Answer
    Ilyas
    (460 posts)
    Lmao..... You expect him to clear the mess of over 50 years in 100 days???????
      730 days ago 

      Ilyas
      (460 posts)
      A man watches his pear tree day after day, impatient for the ripening of the fruit. Let him attempt to force the process, and he may spoil both fruit and tree. But let him patiently wait, and the ripe pear at length falls into his lap...
        730 days ago 

        Ty Phoon
        (237 posts)
        This person should atleast water the tree and not dehydrate it.. He has caused uncertainity amongst the nation.
          730 days ago 

          Ilyas
          (460 posts)
          Bros,

          A tree must be strong enough to withstand a hot weather of 100 days otherwise it can not be called a TREE.....



          Regarding uncertainty..........



          A LEADER IS A DEALER IN THE HOPE......
            730 days ago 

            Imtiaz
            (1966 posts)
            By the way, still awaiting (logic backed) response for the claims

            "It is laughable and shockable and poor MATHEMATICAL CALCULATIONS to suggest pakies to keep $"

            where exactly is the poverty in calculations...?

            Also, last time I checked 'paki/pakies' was a slang for Pakistanis, normally from some racism driven westerners.
              728 days ago 

              Ali Khan
              (25 posts)
              Agree with Imtiaz sb, greenback is the best investment and hedge in this time of crisis!



              Rupee going down and down, stock markets are on a downtrend, some real estate projects may do well but due to devaluation, you will lose in real terms esp overseas investors. $ is safest
                727 days ago 

                JDM
                (730 posts)
                Few months ago, I advised everyone to buy dollars and most of the Aristotle on this forum disagreed with me. I purchased dollars around 104 and now I sold them for 141.50. That is over 36% ROI. Thank God I didn't buy in I-16 and other useless societies around zone-II and new airport. Alhamdolillah.

                But dollar ride is pretty much over. Now is the time to invest in business and export-oriented sectors.

                I am planning to invest in a company called inter-loop. It is their first IPO in Pakistan and after fulfilling next year Christmas orders for US & EU, they will deliver solid results for sure.

                As far real estate, forget it for another 10 years. Green-signal has been given at highest leadership levels and more crackdowns will follow. Goal is to move investments out of property sector and back in to business & industry in order to create jobs and improve tax collection.


                Anyone investing in plots now must keep in mind that there will be no overall ROI for RE sector for at least 10 years. Even most stable and strongest investors will not able to withstand this turn.
                  727 days ago 

                  Imtiaz
                  (1966 posts)
                  Some Socrates also predicted (months before elections) and lobbied for a big time crash of real estate that will trigger much sooner than later!

                  Its all about alternative investments and diversifying the portfolios!! Yes, no doubt the growth is with the dollar and it could be until 150 mark (a strong probability). Unfortunately, its never stable, one can easily see its fluctuating in the Inter-bank on daily basis indicating market nervousness and unstable PKR.

                  Housing is a basic human need too, otherwise many can be respective USD millionaire but sleep on the roads and govt. can disburse USDs instead of plans to construct low cost houses - supporting the financially weaker. Its a questions between savings/investments and basic needs. One must consider not only the investment growth (even if its smallest in an year) but also the monthly rent that can be yielded. Again, it depends like savings in USD can be better than that of GBP or EUR at the moment, likewise investment in X society may prove better than in Y society.

                  Market is slow, no doubt, since I-16 came in as an example, for the records the plots that were trading at 2.5 - 2.7 million in I-16 around Feb-March 2018 are now at 3.6 - 3.9 million, you can do the Math on relative ROIs. Construction activity also somehow moderate in 16/4 and better in 16/2 with a significant number under approval in CDA.

                  Again, USD growth is a fact and cant be denied so is residential unit construction as per basic human needs and keep the economy going.
                    727 days ago 

                    JDM
                    (730 posts)
                    Prices already collapsed at least all over Islamabad. Not sure about the other cities. The only place prices never collapse is this website and with few touts on this forum.



                    Owner of this website was in Dubai recently, and when people asked him why prices are collapsing, he ran away without answering them. This is standard thing dealers do when market is down. They just walk-away and disappear.

                    Plots that were in the market 2 years ago are still in market without finding any buyers. Every day i get multiple calls from sellers and not a single call from any buyer.

                    Perhaps, keyboard-jockies should put their own plots in the market and face the music instead of watching prices on this website to satisfy their eyeballs.


                    Sorry, kuch ziada bol dia ho to mazraat. I didn't mean to salt anyone's wounds.
                      727 days ago 

                      Imtiaz
                      (1966 posts)
                      "Prices already collapsed at least all over Islamabad."

                      -- Specific examples with figures will help to shut the "few touts on this forum."

                      "Goal is to move investments out of property sector and back in to business & industry in order to create jobs and improve tax collection."

                      -- No, the Finance Minister (as official representative of the Govt.) don't think so at all. He is even suggesting to create a 'Stock Market' model for real estate where real estate units (plots/houses etc.) can be sold/purchased on share basis (Real estate Unit with market value of 5 million can have share value of 5000 per share with a total of 1000 shares to be floated for an asset/product that exists on ground and money to be made based on gains in share prices, whether one owns a single share or multiple).

                      https://www.youtube.com/watch?v=M5ViTygJkDQ

                      On Media: from 1:00 to 2:50 (minute).

                      -- 'Property Sector' or more Precisely Real Estate is a proper business itself with immovable asset on the ground that create a multitude of jobs ranging from labors to raw material, interiors, insulation, sanitary, etc. etc. All transfer fees and owned properties are already properly taxed (unless its the inefficiency of the FBR). Why the govt. will suffocate an already thriving business??

                      "Anyone investing in plots now must keep in mind that there will be no overall ROI for RE sector for at least 10 years. Even most stable and strongest investors will not able to withstand this turn."

                      -- Govt is planning to involve the banks for a more dynamic and approachable Mortgage Model (less interest rates and one window operation). So does that mean Govt. will buy land for millions of houses (as per its claims), do all the work and involve banks, triggering the public-private partnership in the process for the sake of pulling the plug suddenly one morning to demolish their biggest plan and shot itself (politically) in the head??


                      "Plots that were in the market 2 years ago are still in market without finding any buyers. Every day i get multiple calls from sellers and not a single call from any buyer."

                      -- Sorry to hear that but may be that says it all, possible personal bad choices may lead to frustrations and eternal agony. When you look to the world with the polluted glass, the entire world seems unclear.

                      "keyboard-jockies should put their own plots in the market and face the music"

                      -- The music has been faced and the figures have been furnished! The blessings of digital forums can be that facts/figures can be put to a grave with flashy words doing the tricks.

                      Never meant to offend anyone, in-fact tried to comfort frustrations of so many, my apologies if I have failed to do so, facts and data didn't allowed me more liberty ...

                      The question is about the race between growth in USD and Real Estate. Since Apr-May of this year USD is a clear winner in terms of %age of growth, that never implies Real Estate sector being Collapsed (unless in a parallel world slow = collapse).

                      PS:

                      - The Claim: "few touts on this forum"

                      - The Meanings: 'Tout' (verb) 'attempt to sell (something), typically by a direct or persistent approach.'

                      - The reality of Touts on this forum: "I am planning to invest in a company called inter-loop. It is their first IPO in Pakistan and after fulfilling next year Christmas orders for US & EU, they will deliver solid results for sure."
                        727 days ago 

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